Solana (floor) recovers from Sharp Drop to contain $ 140 while merchants are waiting for the next move

Token native of Solana, soil

Negotiate at $ 140.46, down 1.41% in the last 24 hours, after recovering from a sharp drop of 4.9% which increased the price from $ 142.91 to $ 135.96, according to the Technical Analysis of Coindesk Research. The asset has since stabilized between $ 140 and $ 142, with support forming $ 140.40.

The Solana ecosystem continues to grow, with recent announcements, in particular the management of wrapped Bitcoin (WBTC) on the network. Analysts remain divided on perspectives, some pointing to a potential movement towards $ 200, while others expect a trace of the range from $ 123 to $ 135.

Strengths of technical analysis

  • Soil decreased by $ 14.9% by $ 142.91 to $ 135.96, establishing a negotiation range of 7.08 points.
  • The assets recovered to form a consolidation model between $ 140 and $ 142.
  • High volume support appeared at $ 140.40 during the 1:00 p.m. between 2:32 p.m. and 2:37 p.m., Sol has gone from $ 140.48 to $ 141.40.
  • The sales pressure lowered the price to $ 140.32, then to a session of $ 140.29.
  • A descending channel was formed with lower peaks and a lower despair at $ 142.65 of price of price capped twice.
  • A concentrated sales volume occurred during candle 15:10, suggesting a short -term lowering feeling

Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.

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