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These signs indicate that Solana is due for an immediate reversal
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Solana has extended its correction for five days, having lost 13% of its value from an all-time high of $260. With the MACD and RSI lining up chances of further losses yet, SOL could stretch towards the 50% Fibonacci level, over the near-term.
As the Bollinger Bands and RSI reach oversold territory, expect bulls to mount a comeback before SOL tags its defenses below $218.3. At the time of writing, SOL traded at $227.4, down by 6% over the last 24 hours.
Source: SOL/USD, TradingView
Considering a
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