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Solana (SOL) faced a brutal sale yesterday, reflecting the collapse of the broader market caused by the escalation of the concerns of the American trade war. The price decreased more than 19 % in less than 24 hours, wiping weeks of gains and sending shock waves via the encryption market. Investors are now preparing for more fluctuations, as the declining momentum can extend until next week.
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Supreme analyst Jelle shared a price plan on X, highlighting that Solana has completely regained the Meme Trump. The rapid decrease has witnessed the decrease of Seoul to $ 175, which represents one of his most severe corrections in one day in recent months. This level is now a decisive area of bulls, as additional weakness may expose Solana to deeper losses.
With the market feelings dramatically from ascending to fear in just hours, traders wonder whether Solana can recover or if it is another imminent leg. The coming days will be very important as Sol tries to stabilize the main support levels and restore them to prevent more negative aspect.
Solana pressed the face but is still strong
After selling the brutal market for yesterday, Solana (Sol) became a pivotal point for investors looking for strong plays amid chaos. The entire encryption market decreased, as the American trade war concerns sparked panic on a large scale.
Solana was no exception, as more than 19 % decreased in less than 24 hours. However, despite the negative environment and severe fluctuations, the procedure remains a long -term price, indicating that Solana can recover faster than most of the assets once the market stabilizes.
Supreme analyst Jelle A shared Technical analysis on xAnd revealed that Solana completely regained the Meme Trump, as it decreased to $ 175 before the support was found. A generation remains optimistic about the future of Solana, saying that its structure is still intact.
It highlights that close support over the M&S will confirm another push up, which paves the way for a strong recovery. According to his analysis, it is only a matter of time before Solisher returns $ 300, as long as it carries main structural levels.
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As the entire market is the increasing fluctuations due to total economic uncertainty, this week will be very important for Solana’s next step. If Sol is able to restore the main support levels and penetrate immediate resistance, a strong recovery may be on the horizon. However, if the sale of the sale continues, the market may see a negative aspect before the start of the new accumulation stage.
Seoul holds the key levels
Solana is trading at $ 199 after a small recovery of its lowest level at $ 175, with more than 13 % in the past few hours. Despite the last bounce, the market morale is still afraid, and the pressure pressure can continue throughout the week. The bulls should quickly restore the main levels to restore momentum and prevent more negative aspect.
If Sol wants to confirm a bullish reflection, it must exceed the sign of $ 220 in the coming days. This level was a strong support before the last collapse, and his heart again to support would indicate strength. However, due to the uncertainty in the market, recovery may take time, and Sol may see more than the volatile price actions before making its next step.
The main level of watching the negative side is $ 189, where the SIA moving average for 200 days (EMA) is currently sitting. If you lose this level, it may follow a deeper correction, which may lead to a re -test of low support areas. Bulls need to keep this sign to prevent a more extensive decrease.
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Currently, all eyes are on Sol’s ability to restore critical resistance levels. If the price stabilizes and the demand rises, Solana can prepare for a strong apostasy. However, twice the correction phase can extend.
Distinctive image from Dall-E, the tradingView graph
