Soliana’s price is heading to the decisive range – will it decrease to $ 150 or a bounce to $ 180?
The encryption markets are merged before liquidity, which is valued at $ 5 billion, as the FTX is assigned to distribute Stablecoins to its creditors. While the price of bitcoin decreased to less than $ 105,000, the price of Solana also reached its lowest level at $ 160. The price continues to face more upward pressure, which may pull the levels without the range. With this, the price reached a decisive price range; Thus, a significant decline can follow if the bears continue to exercise more pressure.
Now, the question arises whether the Sol price reflects the direction of forming its highest levels and its lowest levels.
The basic procedure for Solana remains under a declining procedure, regardless of the short -term price procedure. Unfortunately, the price faces a withdrawal from decisive resistance, indicating the increasing domination of the bears. Meanwhile, the technicians have also turned against the bulls, hinting towards the price decreased towards local support soon.

The Sol price is traded within the descending expansion channel, and the price faces rejection after the upper resistance test. The relative strength index showed a declining difference, while CMF remains less than 0. This hints towards the existence of hegemony since the beginning of the year, regardless of temporary bullish work. If the upward pressure is upward, the price is afraid to drop significantly to local support at $ 151.97. Moreover. The price decreased after it reached the weekly MA for 50 days less than $ 170, which raises major concerns.
After reaching the new highlands exceeding $ 3.5 trillion, the encryption markets appear to be strengthened for a period of time as Bitcoin faces some upward pressure. Therefore, the underground, underwent closure can verify the authenticity of new declining procedures, pushing the Solana (Sol) price towards low support, and perhaps approximately $ 130. Thus, the next monthly closure can be very important for the price of Sol and the entire encryption market.