Solana Enters Key Support Zone Amid Weak Momentum
- Solana has entered a crucial demand zone between $118 and $138, a critical area for buyers to demonstrate strong demand.
- Crypto analyst More Crypto Online highlights that early reactions in this support zone lack the conviction needed for a sustained reversal.
- The ongoing price action is seen as an A–B–C corrective pattern, with potential further decline to the $81 to $90 range if the pattern continues.
Solana’s current position in the support zone is pivotal, as it mirrors broader market structures like Bitcoin. The lack of impulsive upward movement suggests that bearish pressure might not be fully exhausted yet.
The key takeaway is that while Solana sits at a critical decision point, without clear signs of robust buying strength, further dips below the current support range are possible. (Source)
