Solana has decreased more than 6 % in the past seven days and has been circulated to less than $ 150 since March 6. The current trend shows clear and clear signals through multiple indicators.
From the death cross to the rising ADX and red Ichimoku cloud, the technicians suggest increasing negative pressure. As Sol approaches the main support, the next few days may be very important to its price.
Sol Echimoku cloud draws a declining image
The Ichimoku Cloud scheme for Solana shows a clear decline, as price traffic is traded without Kijun-Sen (Red Line) and Tenkan-Sen (Blue Line).
The delay period (green line) is also placed under price and cloud candles, which enhances negative view. Como forward is red and landing, indicating that resistance is still strong in the short term.
Solana struggled to break the highest short -term resistance levels and remain stuck in a landline channel. The high nature of the current cloud indicates weak support, which makes the price vulnerable to the passive mechanism if the declining momentum continues.
In order to reflect, Solana will need a fracture over Kijun-Sen and decisively to push towards the cloud, but for the time being, the direction remains tilted to the negative side.
Solana DMI shows sellers in control
The Solana’s DMI chart shows a sharp rise in ADX, now at 40.87 – from 19.74 just three days ago.
ADX measures the trend strength, with values above 25 indicating a strong direction and values above 40 indicating a very strong presence.
This increase confirms that the current declining trend in Seoul is gaining momentum.
At the same time, Di +decreased from 17.32 to 8.82, while -Di rose to 31.09, as it was fixed during the past two days.
This preparation indicates that sellers are firmly controlled, and that the downtom trend is strong and also enhanced.
As long as the -Di is still dominant and ADX remains high, so Sol will remain under pressure in the short term.
Can Solana decrease to less than $ 110 soon?
Solana has recently formed a death cross, which is a hibudian signal where the short -term average movement crosses less than long -term rates.
He is now approaching the main support at $ 120 – if this level is disrupted, Solana Price may decrease to $ 112, and perhaps less than $ 110 for the first time since February 2024.
If the bulls enter and buy pressure revenues, Seoul can toward resistance at $ 136.
The collapse above this level may pay about $ 147, which was a strong resistance just five days ago.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
