Solana continued to fall on Tuesday, breaking the 50-day average, and short-line pressure continued to accumulate. At the time of the deadline, SOL was still below $75 and was at 50-day averages of $76.63 and 200-day averages of $9.765, indicating that the market was still vulnerable.
The kinetic energy indicators continue to weaken.
It is mentioned that the MACD has fallen through the signal line and that a new negative-value column figure appears, indicating that action is being enhanced. At the same time, RSI returned to 46 and fell to 50 neutral levels, reflecting a reduced purchasing power.
This group of signals means that if there is no significant improvement in market sentiment, SOL short-lines may still sustain a weak trend.
US$ 67.5 is the key support.
The main support for current market concerns is near US$ 67.5. This position, which led to a clear rebound in late June, may be able to attract some of the buys once again as it approaches this level.
If the price falls clearly by US$ 67.5, the return may be further increased and the empty space may continue to increase.
Let's see if we can recover the 50-day average.
To improve the short-line movement, SOL first needs to re-establish the 50-day mean line near the 76.63 dollar. The position has now been converted to a direct resistance position.
If this level is subsequently stabilized, then prices will have the opportunity to look further at the US$ 97.65 area where the 200-day average is located. However, it is also noted that the region may face more pressure to sell.
Overall, SOL is still technologically weak until it is back on the main line, and the US$ 67.5 support position will be the focus of next market observations.