Even though many assets in the cryptocurrency sector have been recording advances in the past few weeks, Solana (SOL) has dipped more than 6% in a single day, diving below the psychologically important level of $60 it briefly managed to surpass and threatening to decline further.
Indeed, as crypto trading expert Ali Martinez pointed out, Solana’s TD Sequential indicator has demonstrated a sell signal on the crypto asset’s weekly chart, adding that “the upcoming days could be crucial for traders eyeing profit-booking opportunities,” according to the chart pattern analysis he posted on November 20.
Specifically, as Martinez highlighted, the confirmation of the bearish formation might see Solana continue to downswing further toward the $45 price mark, potentially “even dipping to $30,” which would indicate a decline of a whopping 46.13% from its price at press time.
Solana price action analysis. Source: Ali Martinez
Indeed, created by market analyst Tom DeMark, TD Sequential
We współpracy z: https://finbold.com/solana-falls-6-in-a-day-huge-crash-to-30-incoming/
