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2 Dahilan Kung Bakit Maaaring Bumaba ang Presyo ng Solana (SOL) sa $137

2 Dahilan Kung Bakit Maaaring Bumaba ang Presyo ng Solana (SOL) sa $137 WikiBit 2024-04-07 05:39

Solana (SOL) price is currently under the microscope, with a mix of technical indicators and network activity trends fueling discussions about its future

  Daily DEX Trades in Solana. Source: Flipside

  Moreover, the Average Directional Index (ADX) on Solana presents a stark picture for its price. With a current reading of 36, it indicates a solid bearish trend.

  This uptick from a reading of 9 to 36 in a short span underscores the growing strength of the downtrend, possibly setting the stage for further price drops.

  Magbasa Nang Higit Pa: 6 Pinakamahusay na Platform Para Bumili ng Solana (SOL) sa 2024

  Solana ADX. Source: TradingViewSOL Price Prediction: Can It Get Back to $137?

  Solanas price is at a crucial juncture. The recent technical patterns, including a death cross, coupled with declining DEX trades and a robust ADX reading, paint a bearish picture.

  If the trend continues, SOL could see it $167 support level tested, potentially dropping to as low as $137, especially if operational issues persist and shake investor confidence further.

  Magbasa Nang Higit Pa: Hula ng Presyo ng Solana (SOL) 2024/2025/2030

  Solana Price Chart. Source: TradingView

  However, should Solana manage to effectively address these operational challenges, there is a chance for a reversal in fortunes. A successful resolution could pave the way for Solana price to challenge higher resistance levels. Therefore, it could potentially aim for $205 or even $210, as market sentiment improves.

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