A Signal Threatens Solana’s Nearly Year-Long Rally
Solana is approaching a death cross, signaling a potential end to its 11-month rally, with critical support at the $120 level.

Azcnews Breaking A Signal Threatens Solana's Nearly Year Long Rally
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Solana (SOL) recently struggled to break through the local resistance level of $138, which could have sparked a new rally for the cryptocurrency. Despite its strong performance over the past year, market sentiment has shifted, and the $120 support level may not hold for long.

Solana’s price movements are now under closer scrutiny as it hovers around a crucial level that could influence its future trajectory.

Solana Faces New Challenges
Solana Chart
Solana Chart
Solana is on the brink of forming a “death cross,” a bearish technical pattern where the 200-day Exponential Moving Average (EMA) crosses above the 50-day EMA. If this occurs, it could signal the potential end of the 11-month rally that began in October 2023.