Solana chart ‘looking very scary’ at $147 – A plunge can take SOL down to…

• Solana must hold support of $ 141. Otherwise, another decline could test $ 120.
• Short positions dominated $ 78.42 million, exceeding Longs by more than $ 24 million.

Solan [SOL] He continued the drift to the party near $ 147 and recorded only 0.25% uptick in the last 24 hours.

But under this seemingly quiet surface, traders and analysts shoot contradictory predictions – from sharp drops to wild assembly.

Solana chart patterns of ghostly traders

On x, AND Crypto indicated a descending expansion wedge on a 12-hour chart and indicated the settings as-

“$ Sol.” The chart looked very scary. ”

According to the pattern, if the sale of pressure accelerates, a break on the zone of $ 120-205 is possible.

Meanwhile expert He shared the post and said that the long -term growth potential of SOL is massive. The post noted that the long -term price goal ranges from $ 169 to $ 420 per sol.

As mixed calls were poured, the sentiment waved and drove hope and hesitation to the market.

Solana Ingem changed?

According to Coinmarketcap, the 24 -hour trading volume collapsed by more than 47%, a clear signal that traders had retired aside.

This sharp decline came when Sol hovered around the brand 147 $, which was caught in a period of low volatility of indecision.

Such a decline often reflects uncertainty. Without directional movement, many traders prefer to expect a strong trend, especially when the wider structure lacks a strong trend.

Technical analysis Ambrpto noted that Sol is at a break point because it seems to be fighting at a key level of support of $ 145.

This permanent prize consolidation was observed on the daily chart after escaping from the descending pattern of the channel.

If Sol breaks below $ 141, the decline could extend to $ 120. Conversely, daily closure over $ 160 could re -kill bull momentum and move pressure to $ 183.

Sol worth $ 4.26 million sent to stock exchange

Data from the tide/drain of the spot revealed The fact that the ongoing uncertainty on the market has seen stock exchanges in the last 24 hours of SOL worth $ 4.26 million.

This essential influx indicates a potential landfill and may indicate that investors and long -term holders are preparing to protect their assets if the prices continue to fall.

$ 78 million in Bearish Bets

Not only investors, but traders also leaned on bear outlook.

At the time of printing, around $ 145.1 were excessively used on the underside (support) and $ 149.5 on the top (resistance).

As part of this range, short positions reached $ 78.42 million, which sharply surpasses $ 53.97 million in longs.

This shows that the interest in short positions is significantly higher than in long positions, reflecting a strong bear sentiment to Sol.