Solana Price Prediction – This Chart Pattern Often Means Trouble… Will SOL Break Below $146?
Main Idea
Solana's price (SOL) has recently risen due to improved market sentiment, but a trader predicts a potential short-term drop to $146 based on technical indicators, while mid-term outlook remains bullish with a target of $185.
Key Points
1. Solana (SOL) price increased by 12.1% in the past week, reaching $150.51, driven by stabilized market sentiment after the Israel-Iran cease-fire.
2. Trader Ali Martinez predicts a short-term drop to $146 using the TD Sequential indicator, signaling potential selling pressure.
3. Mid-term outlook for SOL remains bullish, with a potential rise to $185, supported by a bullish crossover of the 9-day and 21-day EMAs.
4. Trading volumes for SOL increased by nearly 20% in the past 24 hours as the price dipped by 0.7%, indicating possible early selling pressure.
5. The article also mentions SUBBD (SUBBD), a decentralized content platform nearing $1M in funding, targeting influencers and creators.
Description
The Solana price (SOL) has gone up in the past week as market sentiment has stabilized following a cease-fire between Israel and Iran. The Fear and Greed Index has improved from a low of 37 (Fear) to 50 at the time of writing as investors have adopted a Neutral attitude in expectation of the next big catalyst that could confirm the direction of crypto prices for the next few weeks. SOL is the best-performing token of the top 5 in the past 7 days with gains of 12.1% and its price currently sits a...
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