• Solana has been declining in the past three months.

• The token did not enhance the important support, namely the recent innovation zone.

• If Solana can overcome its recent weakness, it may rise another $60.

Solana's SOL/USD fell 1.90% in the past 24 hours. In the past week, the token has remained green. The early prediction analysis set the target at $60, and then increased it to $43. After three consecutive days of losses, Solana seems to have lost its previous strong bull market. The paper further discusses whether the recent decline is long-term or temporary.

Solana's bearish behavior pushed the price to $43.44 at the press conference. We can easily find that Solana's strong support price is $43. This indicates that the applicable price of the token has been retested, and everyone has not confirmed the bearish reversal.

The further verification of Solana shows that the token is on a clear growth trend. Digital currency has already solved the decline caused by the latest hacker attacks. It has always maintained a high point or many points of management system. The trend is still not the strongest.

In the case of weak bear market, Solana still stands at $43

Origin – TradeView

Technically, the SOL index is bullish. From the perspective of the daily curve chart, the MACD line closed above the moving average system, verifying the bullish trend. The 21 Tianyu 50 day moving average system also supports the token.

The symptoms at this stage indicate that SOL is being calibrated. There is no definite bearish reversal. Shareholders should be concerned about the market price of $43 to prevent the occurrence of implicit bullish rollover. Under the premise that the probability of not owning $43 is relatively small, SOL can also look for the next support at $35.

Summary

Despite the recent weakness, Solana tokens still maintain the support of $43. The bull market of the token still exists. The adjustment at this stage may open up buying opportunities.