
Title: Next Key Solana (SOL) Support Revealed
In a recent analysis, trader and crypto expert Arman Shirinyan has highlighted the potential support levels for Solana’s (SOL) price in a bearish scenario. According to his research, it appears that SOL would need to regain the $250 level and demonstrate consistent momentum outside of the current channel for a complete reversal to occur.
Currently, the Relative Strength Index (RSI) is indicating bearish momentum, but it has not yet reached an oversold state, suggesting that more downside movement may be possible before a significant recovery attempt. The trader advises monitoring the $196 support level for now, as volume spikes could indicate either a breakdown or reversal.
As a result, Shirinyan believes Solana’s performance will likely continue to experience downward pressure until clear bullish signs appear.
Source: u.today