The analyst warns: The last time the Solana Index turned, the Sol price decreased by 95 %!
The price of Solana worries merchants after the supertrend weekly index turned into a landing. Crypto Ali expert visions on X (previously Twitter) shared, warning that the last time this indicator turned into negative, Sol witnessed a 95 % decrease. This new sign raises questions about the place that Sol may go as it is near important support levels.
The Supertrend Index, which many merchants use to track trends, is now landing on the Solana’s weekly chart. The last time this happened in mid -2012, the price of Seoul decreased sharply after that. This hillbody sign comes as Solana has decreased from nearly $ 200 to about $ 126.
A tweet to light on this style, warning of potential additional drops. Traders closely monitor whether the Sol price will follow the previous direction or be able to get critical support levels. The shift in the SuperTrend index indicates an increase in the pressure pressure, and the increase in speculation about a possible decrease.
The main support and resistance levels in Sol
Solana is now testing support between $ 120 to $ 130. If this range decreases, the prices may decrease, with the following support ranges between 95 and 100 dollars. This region previously worked as a base during the previous accumulation stage before the strong upward trend in 2023.
On the upper side, the resistance remains about 200 dollars to $ 250, as Sol recently faced rejection. In order to recover, the Sol price will need to rise to more than $ 150 to $ 160 to show the downward trend that may end. Traders closely monitor if Solana will keep steady or continue to fall.
Solana market feelings and historical patterns
The size of the graph is not visible, but the sharp decline indicates a heavy sale activity. If this sale continues, this may enhance the hybrid super signal. The historical precedent, which was put in place 2022, adds to Ali’s concerns, as similar circumstances previously led to a sharp decrease.
However, the market response to this indicator will determine the result. If buyers enter into Current levels, the Solana price can enter a period of Standardize instead of following the same path as before. Given the wider market conditions, investors weigh whether this landmark is an early warning sign or a temporary setback.
Also read: Ono Price Action MistRits Breybs – Is the opposite of the direction coming?
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