SOL – Bearish Momentum Persists


The longer Solana remains under pressure the more likely the uptrend has ended. Since August 29, 2021, SOL has been rising aggressively along a key trendline. It broke below the trendline for the first time last weekend when crypto crashed on December 4th. As shown in the chart, the pattern of higher highs and higher lows has been broken which means a bearish wave might ensue leading to a deeper slide down to to $154, the level where it was in mid-October.