Solana has lost a longstanding trendline that acted as support since October 2023.
The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers.
A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe.
Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result.
The only way we will be safeguarded...
