Solana (SOL) Price Declines but Metrics Signal Shift | Airdrop Alert Pro

Solana (Sol) prices continue to attract significant user activity and trading volume on apps such as Raydium, Pumpfun, and Jito. Despite this, SOL has fallen 17% in the past 30 days, losing $100 billion in market capitalization and currently stands at $90.6 billion.

Indicators such as BBTrend and ADX suggest that the downtrend is fading, with signs that momentum may be reviving. The key levels of support at $183 and resistance at $194.99 will determine whether SOL stabilizes and moves back towards $200 or faces further downside.

Solana BBTrend is almost positive after 5 days

Solana BBTrend is currently at -0.43, its highest level since December 21st. This marks a significant recovery after hitting a low of -18.89 on December 22. This steady upward move indicates that the bearish momentum is waning, with buying pressure gradually building up over the past period. past few days.

Although Sol BBTrend remains negative, approaching neutral and potentially positive territory, signaling a shift in market sentiment that could pave the way for price stability or an upward trend in the near term.

BBTrend or Bollinger Bands band Trend is a momentum indicator derived from Bollinger Bands that measures price in relation to the midpoint of the Bollinger Bands. Positive BBTrend values ​​reflect bullish momentum, while negative values ​​indicate bearish conditions.

If SOL’s BBTrend turns positive again (as it last did on December 20), it will confirm a complete reversal in bearish sentiment and potentially support a new upward price trend. In the short term, BBTrend’s continued recovery is a positive sign that SOL price If buying momentum continues to build, further gains are possible.

SOL’s current downtrend is not strong but may recover

SOL’s Directional Movement Index (DMI) chart shows that its Average Directional Index (ADX) is currently at 20.14, down sharply from nearly 50 three days ago. This decline indicates a significant weakening in trend strength, even though Sol Still on a downward trend.

D+ (positive indicator) has fallen to 14.99 from 24 two days ago, indicating that buying pressure has eased. In contrast, D- (negative indicator) has risen from 17.3 to 24.11, reflecting increased selling activity. This combination suggests that sellers are currently dominating the market, although a weaker ADX means the bearish trend may be losing steam.

ADX measures trend strength on a scale from 0 to 100 and does not specify direction. Values ​​below 20 indicate a weaker trend, while values ​​above 25 indicate a stronger trend. and Solana ADX is at 20.14 and the current downtrend is fading, although selling pressure remains higher than buying activity.

In the short term, this may mean SOL price Stabilization or consolidation is possible as the lack of a strong trend may provide buyers with an opportunity to re-enter the market. However, D-‘s continued dominance could still depress prices if sellers retain control.

Solana Price Prediction: Can SOL Revive Back to $200 Soon?

Solana Price The current trading range is defined by support at $183 and resistance at $194.99. If it fails to hold the support at $183, SOL price may face additional bearish pressure, potentially heading towards the next key level at $175.

Such a scenario would indicate continued selling momentum, making support at $183 a critical threshold for stability in the near term.

On the other hand, if SOL price A successful return to positive momentum and a break above the $194.99 resistance could open the door to further gains.

The next targets are $204 and $215, representing a potential upside of 14% from current levels.