SOL Technical Analysis: Has The Price Correction Ended?

70% in 3 months. That’s how much the SOL price lost, breaking all the support levels from which the rebound was expected. Although the SOL price did not even come close to the range of May lows, such a fall allows us to forget about the rapid recovery of the market. The SOL chart was particularly impressive due to the fact that the $137-$150 range was broken. Buyers in August 2021 needed anomalous volumes to break and fix higher. https://www.tradingview.com/x/M6viP1SY/ However, in January 2022, no fight can be seen on the chart. The liquidity zone, which was key to the continued growth of the SOL price was broken at the lowest trading volumes in the trading history. Extremely alarming sign that makes us think globally about the caution of investing in altcoins in the near future. SOL Technical Analysis On The Daily Timeframe https://www.tradingview.com/x/C8WPvRSA/ At the moment, buyers are trying to form a local wave of growth. The main volume accumulation range for the SOL price rebound is $90-$97. That’s where the trading volumes are increased in the daily timeframe. In addition, the chart shows that the fall wave was parabolic and constantly accelerating. The last attempt of sellers to regain power was on 2nd and 3rd February. The chart shows an attempt to break the $90-$97 range in high volumes. However, as a result, the daily candles were closed with pins down. Therefore, the probability of a price rebound to $137-$150 in...