Solana is confronted with heavy sale – can Sol possibly fall to $ 138?

• Vital technical indicators, together with cumulative quantity delta (CVD) and financing percentages, level to a damaging market sentiment.
• The approval of a Solana ETF (85%) may very well be an extended -term catalyst for worth restoration.

Within the quickly evolving world of cryptocurrencies, Solana [SOL] Makes the headlines as a result of it’s at present in a bearish development, with its worth that falls from $ 200 to $ 187.99, which displays a robust gross sales strain.

Vital technical indicators, together with cumulative quantity delta (CVD) and financing percentages, level to a damaging market sentiment. As well as, the relative power index (RSI) at 32.54 advised an extra downward momentum.

Will Sol restore or proceed his downward course of?

Solana: Bullish Hope of Bearish Actuality?

Ambcrypttos’s view of the value development revealed a effectively -defined bearish patron. From January 31 to February 3, SOL persistently fashioned decrease highlights and decrease lows, a basic indication of Bearnishness.

Supply: X

The latest worth motion from $ 200 to $ 187.99 and the following rebound to $ 196.93 advised a short lived restoration, however doesn’t point out a whole reversal.

Additionally meant the formation of a falling triangle steady consolidation, with the danger of an extra fall to $ 138 if the assist degree of $ 191 can’t retain.

That’s the reason Sol stays in a precarious place with out a bullish catalyst, inclined to additional losses.

What sort of SOL lies?

Varied indicators strengthened the Bearish -by -views for Solana.

The cumulative quantity -delta (CVD) on the 30 -minute graph confirmed values ​​starting from -764.722K to -786,138K, which confirms the dominant gross sales strain on buy exercise.

Supply: Coinglass

Financing percentages at -0.0170 additionally confirmed a market that most popular brief positions, as a result of merchants anticipated decreases.

The RSI at 32.54, though not within the over -sold -up space, emphasised the fixed weak spot, with a small likelihood of reversal as consumers intervening for necessary assist ranges.

The volatility index of 236.03 illustrated appreciable worth fluctuations, making Sol very unpredictable. So if SOL doesn’t maintain $ 191, the volatility might yield to $ 138, which strengthens the continual instability.

Can a sol ETF change the sport?

The approval of a Solana ETF (85%) may very well be an extended -term catalyst for worth restoration. Institutional investments through ETFs usually enhance liquidity and demand, which can make the market stabilized.

In view of the present Bearish development, nonetheless, the ETF can’t solely trigger quick worth in cost, however fairly lays the inspiration for future progress.

Learn Solana’s [SOL] Value forecast 2025–2026

Lastly, Sol is a transparent bearish -trend, with a robust gross sales strain and elevated volatility.

Though the long-term ETF approval gives progress potential, the present technical indicators counsel additional downward dangers earlier than sustainable restoration happens.