Solana is in the liquidity zone near the lower boundary of the descending channel.
Volatility has declined.
In an attempt to break through the channel, the price held the boundary on high trading volumes.
TD Sequantial forms a reversal signal on the 30m Timeframe.
SOL has fixed above the 50MA at 30m Timeframe.
Bearish divergence between price and RSI on 30m Timeframe.
I expect that the price may bounce before a further decline, in case it fixes above the lower boundary of the channel.
Volatility has declined.
In an attempt to break through the channel, the price held the boundary on high trading volumes.
TD Sequantial forms a reversal signal on the 30m Timeframe.
SOL has fixed above the 50MA at 30m Timeframe.
Bearish divergence between price and RSI on 30m Timeframe.
I expect that the price may bounce before a further decline, in case it fixes above the lower boundary of the channel.
