Solana price in the downward trend: Agency of July-Hoch 205 $ to current $ 163.30 indicates worrying triangle formation

Solana price in the downward trend: Agency of July-Hoch 205 $ to current $ 163.30 indicates worrying triangle formation

Solana Prize: Downward trend and technical analysis

After the significant increase in July, when the Solana Prize reached a high of USD 205, the course has now integrated into a descending triangle formation. The Solana Prize is currently $ 163.30, which reflects a remarkable adaptation in the market.

The descending triangle formation indicates a potential progress of the downward trend. This chart -technical formation often arises when the lows are lower and the highs also fall. Market participants should therefore react particularly carefully to the upcoming price movements, since they could provide decisive indications of the future development of the Solana Prize.

In addition to the technical analysis, it is advisable to observe fundamental factors and developments in the cryptom market in order to obtain a comprehensive image of future price movements.