What convinces you that Solana has a strong ecosystem in the future
Binance News
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Solana Faces Potential Drop Below $50 Amid Bearish Pattern
Analysts have raised concerns that Solana (SOL) might fall below the $50 mark following the confirmation of a head and shoulders bearish pattern on its charts. According to NS3.AI, SOL has experienced a decline of over 72% from its peak in January 2022. The monthly chart reveals signs of a prolonged downtrend, suggesting the possibility of reaching even lower levels, potentially near $30. The absence of robust support levels further complicates the outlook, indicating a potential for more significant declines.
$RIVER It’s hard to say right now. The market can crash at any time. If it goes to $36–$37, I’ll close my trade and take a short position. Now Don't be Panic 🤚🤚 Stay Alert guys. Stay With @The BlockchainWhale #theblockchainwhale
Don't be beaten if your psychology is already down, immediately delete Binance
DZAKY_Radithya
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I want to be honest :) This morning the market showed signs of a strong downward consolidation but I forgot that the slow decline indicates a lack of strength in demand and my stop loss was too close to the liquidation of the remaining balance 40$ and finally got liquidated now I am left poor with 2$ remaining with the analysis techniques I have learned I should have been able to recover the losses.
The bounce lacks momentum and volume, more corrective than impulsive. Price is reacting right into prior breakdown supply, with sellers defending aggressively and structure still capped below key resistance. As long as Frax fails to reclaim this zone, downside continuation remains the higher-probability play.
The bounce lacks momentum and volume, more corrective than impulsive. Price is reacting right into prior breakdown supply, with sellers defending aggressively and structure still capped below key resistance. As long as Frax fails to reclaim this zone, downside continuation remains the higher-probability play.