SOLana is in a downtrend

SOLUSDT

Solana's rebound from the strong support level at $19.85 is approaching the downtrend line, which is likely to pose a significant challenge for the bulls in the short term. With the moving averages flattening out and the RSI near the midpoint, selling pressure could be diminishing. If buyers manage to propel the price above the downtrend line, the SOL/USDT pair will attempt a rally towards $24.

Conversely, if the price once again retreats from the downtrend line, it would indicate persistent bearish sentiment, potentially causing the pair to remain range-bound between the downtrend line and $19.85 for some time.

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