PRICE SOLANA (SOL) witnessed strong corrections over the past week, as it decreased by 17 %, and decreased to less than the maximum market by $ 100 billion. The Ichimoku cloud chart notes that the dumping momentum remains dominant, with Sol trading below the main trend indicators and reflecting the pressure of the negative side.
At the same time, the directional movement index (DMI) indicates that the current declining trend is still intact, although the sale pressure appears to be weaken. With the distribution of technical indicators on mixed signals, the next step for Sol depends on whether it can restore momentum or continue to decrease low support levels.
Sol Echimoku cloud I showed that the landmark is still here
The Ichimoku cloud chart of Solana shows mostly declining. The price is traded under the cloud, and the cloud itself is shaded in red, indicating the continued pressure of the negative side.
Kijun-Sen (the red line) remains higher than the price, which enhances the declining bias, while Tenkan-Sen (the blue line) is also placed under the cloud, indicating that the short-term momentum is still weak.
In addition, Senkou SPAN A (the boundaries of the green cloud) is heading below the Senkou Span B (the boundaries of the red cloud), indicating that the broader direction remains down. The fact that the price is less than both the transfer lines and the rule also confirms that the bears are in control.
However, there are signs of potential stability, as Sol recently tried to press the top and test Tinkan-Sen. If the price can maintain momentum above this level, it may indicate an early shift in the feeling.
The delay period (the green line) is still less than the price movement, which means that there is no clear upward confirmation yet.
To create a reflection of trend, you will need Sol to break over the cloud, which remains a major resistance area. Until then, the prevailing Ichimoku structure indicates that the market is still in a corrective stage, as the cloud acts as a dynamic barrier for more upscale movement.
Solana DMI shows that the downward trend can reduce
The Solana Directional (DMI) movement plan (DMI) indicates that the average trend index (ADX) is currently at 33.3 and remained between 30 and 35 in the past four days. ADX measures the strength of the trend, with values above 25 indicates a strong direction and values less than 20 which indicates a weak or in the range.
Reading between 30 and 35, as shown in the Seoul case, confirms that the continuous trend – whether bullish or declining – holds a company.
However, the direction of the direction is determined by the movement of +Di and -Di lines, which represents the purchase and sale pressure, respectively.
Currently, Solana +Di is 15.2 and has been stable around this level during the past three days, indicating twice the difficult momentum.
Meanwhile, -Di decreased to 24.2 after it rose to 32.6 just one day ago, indicating that the pressure pressure relieves. While Sol remains in the landmark, Delign -Di indicates that the dumping momentum may weaken.
If +Di begins to rise while -Di continues to decrease, it may indicate a possible reflection. However, as long as the ADX remains high and remain -Di above +Di, the downward trend remains dominant. Seoul can still face more negative pressure before any meaningful recovery.
Sol Price Procent: Will Solana separate $ 220 soon?
In RecenT days, Solana Price was hovering near the level of $ 200, and uniforms within a narrow range where the market participants evaluate its next step.
In the event of the return of the bullish momentum, the Sol can test the resistance level of $ 211 in the short term. A successful collapse over this area can open the door for more gains, at $ 223 as the next main goal.
If the pressure is strengthened, the Sol Brice may accumulate about $ 244, which is a potential increase of 22 % of the current levels. However, in order for this scenario to play, Solana needs a constant demand and turned into momentum to overcome the last downward trend.
On the negative side, if the current declining trend continues and intensified the pressure pressure, Sol can soon be repeated with the support level of $ 191.
The collapse may lead to a critical level to accelerate the losses, which may send the price about $ 181 or even less than 168 dollars, which represents an additional 15 % correction.
Disintegration
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