Although Solana (SOL), which has touched the critical price point several times in recent days, has received an upside reaction, the risk remains.
SOL, which has been pushing the downward trend for about 10 days, has not yet given the expected even though it has broken down. The major coin, which received an upside reaction with a minor trend break, retreated before it could touch the resistance level. It even slid $22.28 twice. This level is of critical importance for the SOL, as can be seen when looking at the chart over a wide time frame. The buyer group in the SOL is almost waiting for the price at the lower point of the support band. What about which points are important to follow for SOL?
Solana (SOL) technical evaluation
The popular coin, which has lost value since $ 25.59, continues to find strength from the support of $ 22.28. SOL, which has been pricing in a decreasing trend for almost 10 days, has not been able to make its investor happy even though it has broken down. With the technical structure, it reached $ 23.80. But before it could be included in the resistance area, it started to decline.
Persistence above $24.01 seems essential for the SOL investors to maintain their positive expectation on the price. With the voluminous movement, an increase can be seen to $ 25.59 – $ 27.15 and $ 29.13, respectively. A loss of $22.28 will strengthen the chances of a drop to $20.49 and $19.33.
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