More pain in front of Solana? A dangerous price decrease to $ 125 waving with this support re -testing
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Madwhale encryption analyst suggested that the price of Solana could witness more The descending pressure In the coming days. Specifically, the analyst expected that Sol was at risk of declining to $ 125 because it re -testing the main support level.
Solana is at risk of declining to $ 125, with support re -testing
in Tradingvief PostMadwhale predicted that the price of Solana was at risk of decline to $ 125 with a re -test of the price of $ 164, which is a The main support level On the horizon. The analyst noted that this is a pivotal support level that has been previously strong. However, he warned that this may not be the case this time.
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Madwhale noticed that there are indications that the price of Solana may soon violate this daily support, which may lead to a decrease of about 25 %. In the event of a collapse of this price, the analyst stated that the target price for viewing will be $ 125, which corresponds to a The main monthly support area. He added that this field was historically critical defense against additional additions, which makes it a decisive point in analyzing the current market.
The bacheloon associated with the analyst showed a lower resting level of $ 125, which can send the Solana price to $ 80. It should be noted that the Pizzadriver’s encryption recently warned that Sol might witness a 2022 similar crash, with a decrease in encryption to double numbers.
The Solana price has already seen a major accident, as it has decreased more than 11 % in the past seven days. The analysis platform on the Santiment series recently noticed it Solana market morale He decreased to its lowest level since the large recovery on January 20. Traders expressed his frustration with a lower Soul to a low price for 3 months of $ 161.
However, the platform made some optimism regarding the Solana price. Santmi noted that although the discussion rates are very high and the morale of the crowd is declining, this is a historical signal there is a great possibility.
The apostasy is also on cards
While Madwhale and Pizzadriver predicted that Solana price It can be disrupted more than that, some other analysts expect that Seoul could recover from its current level. In the X Publication, the Crusion Analyted Sol noted that Sol is slowly recovering after yesterday’s decrease to about $ 160. He added that the encryption was completely bounced from the level of daily support.
Walking with this, Mr. B stated that he expects a healthy recovery to $ 185, although he warned that if the Solana price does not collapse, it may decrease again. On the other hand, if Solana can pressure on top, the analyst predicts that Psychological level $ 200 It can come soon.
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At the time of this report, the Solana price is traded by about $ 172, an increase of more than 3 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Adobe Stock, Chart from TradingView.com
