Solana's (SOL) price has fallen below the moving average lines after falling from the $120 level, signalling a further decrease.
SOL price long-term prediction: bearishSelling pressure resumed as the price corrected upwards and was again rejected by the moving average lines. Today, SOL fell below the $120 support level, reaching a low of $96 before recovering. On the downside, if bearish momentum continues, Solana may fall to lows of $95 and $78.
Technical indicatorsKey supply zones: $220, $240, $260
Key demand zones: $140, $120, $100
SOL price IndicatorsThe 21- and 50-day moving average lines are sloping horizontally. The 21-day SMA slopes as it crosses the 50-day SMA support, signalling a decline. The 21-day and 50-day SMAs are trending downwards on the 4-hour chart, indicating a decreasing trend.
What is the next move for Solana? 
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
