Solara (GROUND) is on a downward trend since he reached a historic summit of $ 295.83 on January 19. Altcoin is currently negotiated at $ 226, down 23 % compared to its summit.
While the lowering regtens market control, Sol faces increasing sales pressure and a drop in demand.
Solana’s demand decreases as the media of the parts even decreases
The significant increase in demand for Sun -based coin pushed Sol to a new historic summit of $ 295.83 on January 19. However, after the inauguration of Donald Trump on January 20 and the launch of the Melania coinTrump’s commercial activity has gradually faded. This led to a drop in activity on the Solana network, which had an impact on soil performance.
Sol is negotiated at $ 226 when writing these lines, noting a 9 % drop in the last 24 hours. This pushed its price below the exponential mobile average (EMA) over 20 days, a key indicator of a weakening of the dynamics.
The EMA over 20 days measures the average price of an asset in the last 20 grant days, by granting more weight at recent prices to highlight short -term trends. When the price of an asset falls below this key mobile average, this indicates a decline change in dynamics, suggesting a weakening of the upward trend in a context of increased sales pressure.
In addition, the configuration of the Solid Average Convergence Divergence indicator (MacD) of soil supports this downward perspective. When putting in press, MacD Line of Floor (Blue) is about to pass below its signal line (orange).
When the MacD of an asset is configured in this way, this suggests a lower crossing crossing, indicating that the sales dynamics are built, suggesting a sustained price drop.
Soil price Prediction: a drop below $ 210 is imminent
If the soil sales pressure is strengthened, the readings of its Fibonacci trace tool indicate that its price could fall below $ 210 to exchange $ 202.73.
On the other hand, an increase in the new request for Altcoin will invalidate this downward projection. In this case, Solana’s price could Try to find your record level.
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