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06/09 01:01

Solana (SOL) Price Analysis  Solana suffered a m

Solana (SOL) Price Analysis 

Solana suffered a major defeat this week when its price fell below the support at $152. At the time of this post, buyers are trying to reclaim this level, but it is too early to call it. SOL also closed the week with a 2% loss.

The next few days are critical for this cryptocurrency because bulls are on the defensive, and any weakness could see sellers take SOL towards $130 next. If so, the current downtrend will be reinforced.

Solana may fall to $130 or even $100 if the price action does not turn around soon. The odds are against it, considering the 3-day MACD did a bearish cross on Friday. This is a major bearish signal.

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