$SOL

Taking a look at the bigger picture, a price decline to $16 would bring the Solana coin to a crucial support trendline of a rising channel pattern that has been shaping its trajectory for the past seven months. As long as this support remains unbreached, it acts as Solana’s safety net, preventing any catastrophic declines.

A bearish alignment between the MACD(blue) and signal(orange) reflects the selling momentum in active.

Source: Sahil Mahadik