SOL / TetherUS
Updated

SOL Looks Bearish (1D)

1 471
A major trendline has been lost despite positive news, and SOL is prone to further drops towards the green box.

A large liquidity pool exists below the price, which is likely to be taken out, pushing the price toward the marked zone.

The price structure has turned bearish with a CH on the chart.

A daily candle closing above the invalidation level will nullify this analysis.

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It was analyzed at $161, and so far, it has lost 30% of its value.

We predict that this bearish wave will eventually end at $34 - $27, but reaching this level will come with significant fluctuations and could take more than a year!

snapshot

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