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The Kryptos market is undergoing a phase of uncertainty where each technical indicator is carefully explored. Solana, for a long time considered one of the most promising projects in this industry, is now at the decisive intersections. While its price records a remarkable decline, the dreaded analyst signal threatens to emphasize pressure: death. This technical event, often interpreted as a lower indicator, could easily affect investors’ behavior and trigger a new volatility cycle. But is this signal really announced by an extended trend down, or could it prevent an unexpected reflection?
A worrying technical signal for Solan
For several days, Solana has seen a series of consecutive drops, which reached $ 120.35, which is its lowest level since September 2024. This autumn 23.10 % of the week occurs in the context of generalized distrust of risky assets, while the US federal reserve seems to be less inclined.
The main element of concern is the immediate death of death. This indicator is reflected when the mobile diameter in 50 days falls below the mobile average in 200 days, which is a cross that generally reflects breathless dynamics ascending. Currently, the average in 50 days was $ 188.71 and an average of 200 days at $ 184.03, suggesting that the convergence will take place in the coming days. This signal, interpreted by many traders, such as an extended correction sign, is added to the already fragile market climate.
Possible scenarios for Solan
If the death cross should be confirmed, several results are possible. Some observers recall that during the previous reduction in the crossover observed in September 2024, Solana first marked a low point before it was strongly reflected in the coming months and reached up to $ 264. Such a scenario suggests that if Solana manages to maintain certain levels of key support support, including $ 109 and $ 88, an opportunistic buyer could build a crypto buyer, which would create a recovery base.
However, a more pessimistic scenario must not be excluded. If these levels of support are given up under sales pressure, Solana could prolong its decline, amplified by a reduced context of liquidity on the market. The macroeconomic environment, marked by waiting -and see an attitude to the Fed’s decision, could also reduce the hopes of short -term bouches. In this climate of uncertainty, the ability of Solana will be to maintain a stable level to a large extent determined the trend of the coming weeks.
The question remains open: will this death cross the storage phase for experienced investors or a turning point that announces a new descending spiral? One thing is certain, the next few days will be decisive for the future of Solana on the Kryptos market.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.