Solana Will Drop To $211 If It Fails To Break Key Resistance Level – Analyst
Solana (SOL) is facing serious sales pressure when testing key demand levels. After the breakthrough failure after the breakthrough, the bear was controlled. The price has been working hard to maintain momentum, and investors are now paying attention to the key support level of Sorana’s next action.
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After an explosive rally earlier this year, as the market emotional changes were uncertain, SOL may be risky now. Top analyst Carl Ununefelt shared a technical analysis on X, indicating that Solana may re -test the horizontal resistance, if it destroys the pattern of watching flags. This key level is essential for determining whether SOL can keep its ground or whether it is deeper into deeper correction.
If you look at the flag to confirm the collapse, SOL may fall Test lower demand areas leading to further downward pressure. However, if the bull can restore the key resistance level, potential recovery may occur. As traders look for a trend reversal or continue to see the signs of loser, the next day is essential for Sorana.
Sorana enters the critical stage
Solana is at a critical stage, and it will define that it will continue to decline or establish structural changes in the next few days. After failed to maintain its highest level of history, the bear had controlled it and pushed SOL to a key demand level. The current price has fallen to $ 220, and analysts warn that the level of the next few weeks may decrease.
Top -level analyst Karl Lunnov Share technical analysis On X, emphasizing that Solana may destroy the horizontal resistance of daily loser flags about $ 222. If this drop -looking method appears, SOL may further decrease to test the level of $ 211, which is the main demand area that may determine the fate of the trend.
However, if the bull manages the current level, the driving force higher than the supply area may lead to price recovery. The first step of reversal will be folded back to more than $ 222 and supports it as support. If this happens, Solana may restore strength in the next few weeks and challenge higher resistance levels.
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The next day will be decisive, because SOL stands between the turning point between deeper correction or restoration phase.
Below the price struggle below the key level
Solana’s transaction price after losing the key $ 220 demand level is $ 216, which is the main support for Bulls to hold. Now, bears are controlled, and SOL’s moment is below this level, it will increase the risk of further disadvantages. If the price fails to recover quickly, the next important test demand area will be about $ 200. This level can determine whether SOL continues to correct or discover a strong rebound.
However, the Bulls have not stood out. If Sol manages the support of $ 220, it may make the collapse of the loser invalid and set it for the reversal of the potential trend. A strong movement higher than this level will indicate the new pressure of purchase pressure and can make Solana challenge higher resistance areas in the next few days.
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At present, SOL is still in a fragile position, and traders should pay close attention to the price algorithm 220 US dollars and 200 US dollars. The continuous decline below $ 200 will be confirmed to be more deeper and corrected, and the rapid recovery of more than 220 US dollars can re -ignite the driving force for height. The next few meetings are essential to determine the short -term direction of Solana.
Featured images from Dall-E, chart of tradingView
