Solana (Sol) has been fighting less than 200 dollars, which has currently decreased by 13 % over the past thirty days. Despite the strong momentum in the previous months, modern indicators indicate a direction of weakening, with the homosexuals that dominate the plans.
Ichimoku Cloud, ADX and PRICE indicate the ongoing challenges as Sol failed to restore the main resistance levels. However, if purchasing pressure revenue and Sol can break more than $ 209, it may open a path of about $ 219 to $ 244.
Users discuss Solana Meme Coin Sugams and Usage
Solana was scrutinized after the launch of the scale, which is a controversial Mimi currency promoted by Argentina President Javier Millie.
The effects of this pump and potential discharge led to skepticism in the specific Solana applications, such as Meteora and Pumpfun. Society is also concerned with whether Blockchain itself has reached its climax in terms of adoption and price.
Some users, such as the famous artist Jino Puri, argue that Solana applications such as Jupiter, Pump and Metora are extracts from users through fraud. This raises concerns about how projects work within the ecosystem.
“Radio’s silence from Solana Leadership when their community is deceived several times a day at the Collective Extract Olympics under the auspices of Jupiter, Al Nafeh, and Pump,” Jino Puri to publish On x (previously Twitter).
Others, such as DEFILLAMA, 0xNGMI, shared data on the amount of value taken from the MEME trading on the chain.
“The total account of the extractive of the memes on Solana. Robots and applications trading: $ 1.09 billion; pump.fun: $ 492 million; mev: $ 1.5-2 billion; Opinion Trump: 0.5-1 billion dollars; AMMS: $ 0-2BN; total : $ 3.6 to 6.6 dollars+ billion “0xNGMI books.
However, MERT, the Helius CEO, a Solana infrastructure provider, opposes that the large number of fraud is a secondary result of the Solana scale instead of a shock defect.
It suggests that the widely uses naturally attracts bad actors, similar to what happened in other major ecosystems in Blockchain.
“We hope to say in this: encryption is full of speculation -> Speculation leads to carpets -> Solana Scales Crypto -> So there are more carpets on Solana. They all got it historically (ICOS, NFTS, etc. books On x.
Solana The indicators are still down
The Ichimoku Cloud scheme for Solana shows a downward look, with the trading under the cloud and the main indicators indicating poor momentum.
The (blue) conversion line is less than the (brown) foundation, indicating short -term weakness. In addition, the upcoming cloud remains red, indicating the continuation of the declining feelings.
In order to restore Price Sol, you will need to break the resistance of the cloud about $ 198 and maintain a step exceeding $ 200.
If Sol fails to restore key levels, the downward pressure may continue.
The Sol shift will require that it exceed both the conversion lines and the basic line, as well as increasing the size to confirm the upholstery. Until then, the price procedure remains under the domination of Habboudia.
The average trend in Solana (ADX) is currently at 12.4, a decrease from 22.3 three days ago. ADX measures the strength of the trend, with values above 25 indicates a strong and under 20 direction indicating a weak or non -direction.
The decrease in ADX indicates that the current declining trend of Solana loses momentum, but it has not yet been reflected.
A low ADX reading like 12.4 indicates that the constant declining trend lacks strong directional pressure. While this may mean that the pressure pressure weakens, it also indicates that the Sol price lacks strength to the meaning of meaning.
As for the bullish shift, ADX will need a height above 20 while the price movement shows the signs of recovery, such as the highest high levels and high decreases. Until then, Sol remains vulnerable to more negative or monotheism.
Sol prediction: Will Sol recover $ 209 soon?
Solana is struggling to restore the levels of more than $ 205, as it constantly decreased to less than $ 200 when it failed to break this resistance.
If Sol tested $ 187 support again and fails to keep it, the losses may extend about $ 175, indicating more weakness.
On the other hand, if Solana Price regains the strong momentum that was seen in the previous months and enters in a clear upward direction, it may push towards the resistance of $ 209.
The collapse above this level would open the door to a march to 219 dollars, and if the upcoming power continues, Sol can re -visit $ 244.
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.
