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Solana (soil) faced a brutal sale yesterday, reflecting the broader collapse of the market launched by the escalation of American trade war fears. The price dropped by more than 19% in less than 24 hours, by wiping weeks of earnings and sending shock waves via the cryptography market. Investors are now preparing for more volatility, because the downward dynamics could extend to the coming week.
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The high -level analyst Jelle shared a price table on X, stressing that Solana completely traced the pump of the same Trump. The fast drop has seen the soil drop as low as $ 175, marking one of its most steep corrections of a day in recent months. This level is now a critical area for bulls, because greater weakness could expose Solana to deeper losses.
The feeling of the market radically passing by the bullish to frighten in a few hours, the traders wonder if Solana can recover or if another leg is imminent. The next few days will be crucial because Sol will try to stabilize and recover key support levels to avoid other drawbacks.
Solana pressure against influence but remains strong
After the sale of yesterday’s brutal market, Solana (ground) has become a focal point for investors who are looking for solid parts in the middle of chaos. The entire cryptography market has dropped while fears of the American trade war have triggered a widespread panic.
Solana was no exception, lowering more than 19% in less than 24 hours. However, despite the negative environment and extreme volatility, long -term price action remains intact, which suggests that Solana could recover more quickly than most assets once the market stabilizes.
The high -level analyst Jelle shared a technical analysis on X, revealing that Solana completely traced the pump of the same Trump, falling as low as $ 175 before finding support. Jelle remains optimistic about the future of Solana, declaring that its structure is still healthy.
He underlines that a fence above the M&W support would confirm another higher push, preparing the terrain for a strong recovery. According to his analysis, this is only a matter of time before Sol revisits the level of $ 300, as long as it has key structural levels.
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With the entire market in the face of increased volatility due to macroeconomic uncertainty, this week will be crucial for the next Solana movement. If Sol can recover major support levels and break through immediate resistance, strong recovery could be on the horizon. However, if the sales pressure persists, the market could see more the decline before the start of a new phase of accumulation.
Sol holder above the key levels
Solana is negotiated at $ 199 after a small recovery from the hollow of $ 175, increasing by more than 13% in the last hours. Despite the recent rebound, the feeling of the market remains frightening and the sales pressure could persist throughout the week. The bulls must quickly recover the key levels to resume the momentum and prevent the decline more.
If Sol wants to confirm a bullish reversal, it must exceed the $ 220 mark in the coming days. This level acted as strong support before recent ventilation, and turning it back to the support would signal the force. However, given the current uncertainty of the market, a recovery can take time and soil could see more agitated price action before making its next movement.
The key level to be monitored during the drop is $ 189, where the 200 -day exponential mobile average (EMA) is currently located. If soil loses this level, a deeper correction could follow, potentially leading to a retein of the lower support areas. The bulls must hold this brand to prevent a more prolonged drop.
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For the moment, all eyes are on the soil capacity to recover critical resistance levels. If the price stabilizes and the request resumes, Solana could be ready for a solid rebound. However, new weakness could extend the correction phase.
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