SOLUSDT: journey to find a new bottom!
2024-10-04

Hello dear investors!

Looking at the 4H chart of SOLUSDT, I see that the long-term uptrend is starting to weaken. Most recently, the important support structure around 142.74 has been broken and the EMA 34 and EMA 89 are also gradually turning down, confirming that the downtrend is dominant.

In my opinion, if SOLUSDT continues to fail to break through this new resistance zone, the price is likely to fall further, with a target of 127.23 - a strong support level according to technical analysis.

What about you? Do you think SOLUSDT will continue to fall or will there be a short-term recovery? Share your thoughts with me!