Solana: Fifth Support Touch Forms Expanding Pattern
Solana at $75.37 hits fifth support touch forming expanding pattern at 8x 2022 lows with bearish 4h MACD death cross and neutral RSI.
SourceAnalysis
Solana ($SOL) records its fifth major touch on a critical support line while carving a massive expanding pattern and trading at eight times its 2022 bottom. Price currently sits at $75.37 inside a bearish structure with the EMA50 at $80.9 and EMA200 at $84.47 acting as overhead resistance, while the MACD registers a death cross at -2.07. The RSI(14) at 33.89 remains neutral and price trades inside the Bollinger bands bounded by $72.94 lower support and $85.7 upper resistance, pointing to short-term volatility exhaustion that could precede a test of the 50-EMA before any sustained move higher in ongoing SOL price prediction discussions.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.