Solana price prediction stalls in tight range as bears defend key moving averages
The post Solana price prediction stalls in tight range as bears defend key moving averages appeared on BitcoinEthereumNews.com.
Solana price prediction trades below declining moving averages in a fragile consolidation, with fading bearish momentum, dense sell walls above, and clustered bids below defining the next move. Summary Solana price prediction remains in a corrective daily structure below short- and medium-term MAs, signaling the dominant trend still leans bearish despite slowing downside. MACD stays negative and RSI mid-range, showing sellers are losing intensity but not gone, with no clear confirmation yet of a bullish trend reversal. Order books show thick bid walls below and ask walls above, trapping SOL in a transition phase where a break of support or resistance will dictate the next leg. Solana’s price prediction has entered a stabilization phase following a sequence of lower closes, according to technical analysis of daily chart data. Solana (SOL) is trading around $132–133 USDT, down roughly 1–1.5% over the last 24 hours on TradingView’s SOLUSDT composite, despite your specific chart showing a +2–3% move from the local intraday low. The altcoin has been trading below its short- and medium-term moving averages, reflecting continued bearish pressure, though recent candlestick patterns indicate downside momentum has slowed. The cryptocurrency remains in a corrective structure on the daily timeframe, with trading below declining moving averages signaling the dominant trend remains tilted to the downside. Solana price prediction heading for changing direction However, the distance between the current price and these averages has narrowed, suggesting bearish control may be weakening. Technical analysts note this type of structure often precedes either sideways consolidation or a short-term recovery attempt, depending on price reaction to nearby resistance levels. Momentum indicators reflect fading selling pressure rather than a trend reversal. The Moving Average Convergence Divergence (MACD) remains negative, confirming the broader bearish trend, though the momentum profile shows sellers are losing intensity. The Relative Strength Index (RSI) has…
