Posted 1/22/2024, 1:30:00 PM
Solana Price Breaks Major Support Levels, Eyes Further Downside to $70
- Solana (SOL) price broke down from a long-term ascending support trendline that had been in place for nearly 100 days
- Price also broke down from a short-term symmetrical triangle pattern
- Technical analysts have a predominantly negative outlook on SOL's price trend
- SOL could fall further to support levels around $70-$72
- Reclaiming the triangle support trendline would signal the correction is likely over