Solana has topped out after its new ATH in January, and it has clearly marked the beginning of the bearish cycle since then.
The bearish-M pattern in quite significant in the weekly timeframe. (More info on that pattern here, on the ETH chart):
From a technical indicator perspective, we see a clear "sell" sign - a strong signal from a trend-based indicator:
Which every way we are heading down (stair step or pin drop), there are a few noteworthy zones to watch:
_______________________
SOLUSDT
The bearish-M pattern in quite significant in the weekly timeframe. (More info on that pattern here, on the ETH chart):
From a technical indicator perspective, we see a clear "sell" sign - a strong signal from a trend-based indicator:
Which every way we are heading down (stair step or pin drop), there are a few noteworthy zones to watch:
_______________________
SOLUSDT 
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discord.gg/xHJRka3
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thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.