SOL 15% below all-time HIGH: Solana (SOL) is currently trading 15% below its all-time HIGH. As of today, Solana’s market capitalization surpasses that of MAJOR tech companies like Xiaomi, standing at 107 billion USD. Despite earlier positive signals, recent assessments are pointing towards more declines.
SOL trend signals possible declines: KEY indicators like the Directional Movement Index (DMI) and BBTrend suggest potential further declines for SOL. With DMI indicating a rising ADX at 26.2, the negative trend seems strong. A support level of 215 USD may be tested, pending any favorable market reversals.