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Solana’s descending triangle threatens deeper sell-off
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ambcrypto.comDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice
Mirroring a wider market correction, Solana registered a 5.7% drop over the last 24 hours. Furthermore, a descending triangle setup exposed the market to a deeper retracement, should the 200-SMA (green) fail to cushion incoming losses. This outcome was backed by sell signals present on the RSI, MACD, and Aroon.
Source: SOL/USD, TradingView
Consecutive lower highs and
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