Solana (SOL) is exhibiting signs of a bearish trend, as indicated by the Directional Movement Index (DMI), where the negative directional indicator (-DI) surpasses the positive directional indicator (+DI). Currently, SOL is trading near the $120 support level, with the Bollinger Bands showing the price re-entering the lower track after a recent dip below it. A potential bullish trend shift could occur if SOL moves above the $132 mark. Conversely, a breakdown below the $120 support level might lead to a test of the $112 monthly neckline, indicating further bearish momentum.
SOL Faces Potential Trend Reversal Amid Bearish Indicators
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