$SOL Analysis of Solana now
🔷General Trend
Sharp Decline: The currency is in a clear downtrend on the displayed time frame. The current price is 86.30, which is at its recent lows shown in the chart.
Breaking Averages: The price is currently trading below all moving averages (MA7, MA25, MA99), confirming the sellers' control and strong downward momentum.
🔷Technical Indicators
Resistance: There is very close resistance at the 87.70 area (MA7) and stronger resistance at 92.96, which the price failed to break and from which the decline began.
Support: The price is currently testing an important support area (the last low at 86.17). Breaking this level and closing below it may open the door for further decline.
Liquidity (Volume): There are long red candles at the bottom with an increase in trading volume during the decline, indicating real selling pressure and not just a minor correction.
🔷Summary and Advice
Current Situation: High Risk. The last candle is almost a red "Marubozu," indicating that selling is ongoing up to the moment of taking the snapshot.
Entry Decision: It is not advisable to enter "buy" now unless a clear reversal signal appears from the 86.00 areas, as the price currently lacks buying momentum.
Targets: In the event of a rebound, the first target is 88.80, but if 86.17 is broken, we may see deeper levels.