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In a shocking turnaround, Solana, which recently achieved a new all-time high nearly 3 months ago, has experienced a significant shakedown after making history. With SOL’s price facing significant volatility, concerns about an extended decline continue as the altcoin navigates a massive bearish divergence.
Massive Bearish Divergence Threatens Solana’s Price
A worrying trend has been cited on Solana’s chart that could determine its next price direction. Market expert and trader Mags points to a massive bearish divergence on its chart as SOL faces significant volatility due to unfavorable market conditions.
This development comes as Solana fails to hold above its current all-time high of $295 this cycle. SOL’s bearish divergence raises the possibility of further downside risk to…
