Solana Price Risks Drop to Double Digits as Key Levels Emerge
Crypto analyst SiDec indicates the Solana price may drop to double digits. Key levels include:
- Resistance zone: $136 - $143
- Support zone: $102 - $98
SiDec observes a slow uptrend after a low of $112, suggesting an ABC corrective pattern that could lead to lower prices. He highlights:
- The resistance zone is critical for potential short positions if weakness appears.
- The support zone presents a high-probability long entry area due to multiple technical confluences.
Market outlook suggests a short bias until Solana reclaims $143.80. For shorts, laddering into resistance enhances risk management. For longs, starting small at $112 and scaling down to $98.50 optimizes positioning.
Additional insights include:
- A break above $144 would invalidate the short thesis, indicating a potential rise toward $150.
- Current Solana price is around $128, down over 4% in the last 24 hours.
