FX.co ★ Solana rejected at trend line resistance.

We took a look at the Solana chart a couple days ago and we explored the possibility of getting a bullish signal if certain conditions were met. Solana remains technically in a bearish trend as price is making lower lows and lower highs.

analysis we noted that in order to get a bullish signal, price will need to break above $106 and above the blue trend line. So far this has not happened. Therefore there is no change in trend. Bears remain in control of the trend. This makes Solana vulnerable to a new lower low. Support is at $90. Bulls do not want to see this low broken.