Solana: Tenth Straight Red Monthly Close Looms
Solana at $73.53 tracks tenth consecutive red monthly close with bearish EMA50 at $75.16 and MACD death cross on 4h chart.
SourceAnalysis
Solana trades at $73.53 and sits on track for its tenth straight red monthly close, according to @CryptoKing4Ever.
Price remains locked in a bearish trend structure below both the EMA50 at $75.16 and EMA200 at $74.94 while the MACD prints a death cross at -0.51. With the asset testing the upper Bollinger Band resistance near $77.25 and RSI at 42.39 showing no oversold relief, a swift rejection back toward the lower band support at $72.2 appears the highest-probability path before any sustained recovery attempt.
Crypto King
@CryptoKing4EverSpecializes in cryptocurrency investment and market analysis, with a focus on Bitcoin, Ethereum, and Solana ecosystems. Provides trading strategies and altcoin research for crypto enthusiasts.