SOL must be less than $120
key atways
Solana is down 10% in the last 24 hours and is now below $140.
The feeling of the valley can be more useful because of the disease.
Market sentiments that they will suffer huge losses.
SEL, the sixth-largest cryptocurrency by market cap, lost 13% of its value and posted its third consecutive loss of losses. How long will the two-week-old solas come?
In addition, Socialadis data shows that in the last 24 hours up to 7.35 billion dollars will be 34%. This suggests that traders will close long positions after a long period of time or reduce the situation.
In line with the current market conditions, Oi-Round realized that the amount of money held during the day with many short positions has been canceled from the neutral level near the day to a negative level of -0.0076%. If the current market conditions continue, it will be an uphill battle for Bloch to recover.
Will Solana extend decline to $120?
Solana remains as the Sol/US daily chart as it has been in recent times and remains effective. The coin is down for the fourth consecutive day after breaking below the 150 psychological level a few hours ago.
At press time, June was trading at $138, down $22 from $75. After a break below the 76s, test the psychological support of $100 in the coming days or weeks.
On the same chart, the Relative Strength Index (RSI) hits the Orsiline to the Tripped Zone, which indicates selling to the Ordeal Zone. The moving average of the local communication situation (MACD) failed to break above the signal line, bringing a downward trend.
However, if the technical indicators improve and hold the price above $126, the $155 demand-supply zone can recover a little. The next resistance level at $175 may be a challenge in the near term.
