Solana (SOL) Price completed the “Cross of Death” on the chart on March 12. Altcoin has been integrated to $ 125 near the level of long -term support.
This is the first time since February 2024, which can accelerate the selling SOL price in the short term.
1 day chart of solana. Source: COINTELEGRAPH/TradingView
The cross of death occurs when a weak crossover occurs between 50 and 200 days, and long -term indicators are higher than short -term indicators.
Last month, the 50 -day, 200 and 200 -day index moving average (EMA) triggered a death cross on the first day chart of Solana, after which the price dropped from $ 137 to $ 122.
SMA and EMA Death Cross have a similar impact, but EMA reacts faster to price fluctuations, causing Death Cross faster. The double death cross of SMA and EMA will increase the possibility of correction.
Historically, the probability is neutral for Solana. Since its founding, SOL ‘S PRICE has witnessed three times the death cross (including 2025) when there is a decline of more than 90 days.
In 2022, the cross of the first death caused a 90% collapse, but the fierce FTX expanded its seriousness. The cross of the second death occurred in September 2024, but flipped in a month and led to Trump Rally.
Related: Three reasons that can surpass rivals after Ether Lee’s crash in the lowest level of 17 months
However, the current structure and feelings reflect the 2022 death cross when comparing market conditions. In both cases, the new highs led to the death of the death.
As reported by COINTELEGRAPH, Solana’s sales have decreased 93% since January, down from $ 223 million to $ 33 million. This indicates that the current activity is insufficient in the Solana network after Memecoin Frenzy is over.
Can Solana Traders defend $ 125?
Based on technology, Solana remains at a difficult point when comparing the previous death cross revenue with the collective market sentiment.
Solana must maintain support between $ 125 and $ 110 for optimistic reversal. Since March 2024, the SOL price has been rebounded six times after testing the scope of support and finished more than $ 125 every week.
Solana 1 Week Chart. Source: COINTELEGRAPH/TradingView
Nearly a week, near $ 125, the market weakness is informed of the market weakness, which increases the likelihood of falling less than $ 100. The immediate price target of $ 110 is about $ 80 for Solana, which is a significant 30%modification. Down Trend Targets join the weekly 0.5 Fibonacci reversal line.
Solana Rollish Divergences in 1 and 4 hours charts. Source: COINTELEGRAPH/TradingView
However, the bull will fix the hope for the optimism between the price and the relative robbery index (RSI) on the one -day and four -hour charts.
In order to avoid Solana’s lower low low low levels, the difference is effective, which can push the price to $ 125 or more, so that Solana can avoid a fall of less than $ 100 and set the bottom of $ 112.
Related: Will Bitcoin Price reclaim $ 95K before the end of March?
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.