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SOL price looks bearish on multiple chart timeframes, leading analysts to put a short-term target on $50. Will the “extreme” state of SOL’s MVRV indicator prevent another price crash?
Solana’s SOL (SOL) continues to be battered by bearish headwinds since collapsing to $67 on Feb. 6. SOL is more than 72% below its all-time high of $295, and several metrics suggest that the downside may be far from over.
Key takeaways:
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Solana’s bearish technical patterns lean toward a $50 price target.
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The MVRV…
https://cointelegraph.com/news/sol-s-path-of-least-resistance-tilts-toward-dollar50-but-onchain-data-hints-at-a-bottom?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
