Solana Bears Eye $113 Target If Ascending Structure Breaks Down – Details
Portfolio Pulse from
Solana is experiencing bearish market conditions with analysts warning of potential further price decline. The cryptocurrency is struggling to maintain momentum, trading around $128, and risks breaking below its current ascending support structure. Macroeconomic uncertainty and weak market sentiment are contributing to the bearish outlook.
March 29, 2025 | 9:45 am
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Ascending
NEGATIVE IMPACT
SOL is trading near $128, facing potential breakdown below current support. Analysts warn of possible drop to $113 if ascending structure fails.
Technical analysis suggests SOL is in a weak position. Failure to maintain current support could trigger significant price decline. Macro factors and market sentiment further support bearish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100