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Solana price could fall now



Solana price could correct sharply now as a massive bearish divergence is forming in the RSI. How low could the SOL price fall?


A lot has happened since the last Solana price forecast . While we suggested on October 21 that the Solana price could now rise to around USD 280, the SOL price was still around USD 180. In the meantime, the Solana price rose around 45% to around USD 260 and thus missed the bullish price target by almost USD 20. Thus the important Fibonacci level remains unaffected so far. But will Solana break this price level in the coming weeks?


Will there be a correction for the Solana course?

Although the SOL price trend is extremely bullish, a correction for Solana could take place in the short term. Finally, a bearish divergence is currently building up in the RSI of the daily rate and the MACD is also bearish. There is also a bearish divergence there and the histogram is ticking bearishly downwards, while the MACD lines are bearishly crossed. Should the SOL course correct now accordingly, it will already encounter strong support between USD 200 - 216.


Solana course also shows a bearish divergence in the weekly course

A massive bearish divergence in the RSI is also emerging in the weekly rate. In addition, the MACD's histogram ticks bearishly lower here as well. Should the SOL price fall below the support at USD 200, it will only find strong support again at around USD 170. Should this also break, Solana will find massive support at around USD 140 and around USD 110 at the latest.


Solana will soon find strong support against BTC

Against Bitcoin , the SOL price could not exceed the all-time high at around 0.0047 BTC. Instead, the SOL price formed a “lower high”, moving towards the 50-day EMA at 0.00326 BTC. If this support is also broken bearishly, Solana will find support at 0.0029 BTC and at 0.0018-0.0021 BTC.

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