Solana hits major resistance again – But something’s different this time

• Solana traded nearly $ 145, which is a key resistance that has coped with both the channel and the bear neckline.
• Does this mean that Sol worth $ 21 million worth Sol, that is, potential pressure on sale?

With a profit of 14% in the last week, Solan [SOL] He tested a critical intersection near $ 145 – technically loaded and sentimentally divided.

This level indicated the upper limit of the long -term descending channel and the neckline of the bear and shoulder pattern.

Its dual importance has created both excitement and anxiety between market participants, while the price is at a decisive reversal point.

145 $ resistance: just another already visible?

During the press, Sol traded for $ 144.3, which is 2.35% of the day. However, this step was not supported by force.

Coinmarketcap has shown This 24 -hour trading volume decreased by 15%, a sign that enthusiasm lagged despite price reserve.

This decrease in the volume of trading encounters weak upwards and also suggests that traders and investors are potentially waiting for clear signals – either bull or bear.

However, these symptoms may occur only after escaping or creating a bear candle pattern.

History has a pattern and Sol could repeat it

According to the technical analysis of Ambrpto SOL, he showed two bear settings and was also on the verge of shifting this bear trend on the bull.

The daily chart seemed to float in the descending pattern of the channel between its upper and lower boundaries. In addition, it also broke under the neckline of the bear head and shoulder pattern.

Rettle, Sol price could not be repeatedly closed above the upper canal since May. Each rejection was followed by a drop.

If a strong daily loved one did not take place above $ 148, there was a probable further rejection.

However, if the ongoing assembly continues and the price falls out of the upper limit, it could end its extended bear trend and can see more than 20%, which will potentially reach the level of 184 USD.

In the daily time of Sol, he still sat below the 50-day exponential gliding average-meaning that Bulls had not yet renewed dominance.

The relative force index (RSI) moved to 46, indicating a slight momentum, but nothing strong enough to convincingly broke out.

The expert predicts the bull’s conversion to $ 150-160

Given the current market sentiment, one popular X -trader claimed that the Bull’s “W” formation was formed.

The expert noted,

“Sol shows signs of recovery after hitting the main minimum at $ 125.99. The potential W -shaped formula is re -form and indicates the bull reversal towards the $ 150-160 zone.”

$ 20 million moved to stock exchanges, sale coming?

However, investors and long -term holders seem to be against this bull outlook because they are considered to be the launch of Sol on the stock exchanges.

Data from Coinglass revealed Massive influx of SOL 21.07 million USD into centralized stock exchanges in the last 24 hours.

This essential influx into the exchanges shows a potential dumping that could create a sales pressure and cause the asset to continue its dynamics down.