🪙 Will #SOL go to the bottom?
The second drawdown of the asset continues on Solana. Let's consider the situation on the timeframe of 1 day.
The decline started from the resistance level at ~$186 since May 21 and it is still continuing📉 This is the second wave of decline after the fall in April.
Yesterday the price reached one of the support levels at the lows at ~$133. There was an attempt to break it, but it ended in a "false breakdown". A large shadow has formed on the candlestick and increased volume appears 📊 It is also appearing a global double top pattern entry, which is bearish 🐻
At the moment, the coin is in a suspended state. It has already reached strong support levels, from which a reversal upward can start. At the same time there are few arguments for opening long positions 🕯
The second drawdown of the asset continues on Solana. Let's consider the situation on the timeframe of 1 day.
The decline started from the resistance level at ~$186 since May 21 and it is still continuing📉 This is the second wave of decline after the fall in April.
Yesterday the price reached one of the support levels at the lows at ~$133. There was an attempt to break it, but it ended in a "false breakdown". A large shadow has formed on the candlestick and increased volume appears 📊 It is also appearing a global double top pattern entry, which is bearish 🐻
At the moment, the coin is in a suspended state. It has already reached strong support levels, from which a reversal upward can start. At the same time there are few arguments for opening long positions 🕯