Solana is trading at 139.64 at the time of this forecast, continuing its movement within a bearish channel and developing a downward trend. Moving averages indicate a short-term bearish trend for the coin. Prices have broken below the area between the signal lines, suggesting seller pressure and the potential for further decline from current levels. The Solana forecast for today, February 28, 2025, suggests an attempt to develop a bullish correction for the digital asset and test the resistance area near the 155.05 level. From there, a bounce down and a continuation of Solana’s decline to a potential target below 115.05 is expected.
Solana Forecast for February 28, 2025
An additional signal in favor of a decline in SOL/USD quotes for tomorrow will be a bounce from the descending trend line on the RSI indicator. The second signal will be a rebound from the upper boundary of the bearish channel. A strong rise and a breakout of the 180.65 area will cancel the bearish scenario, indicating a breakout of the resistance area and a continuation of the SOL/USD price increase with a target above 200.65. Confirmation of a Solana decline will be a breakdown of the support area and a close below the 125.05 level.
Solana Forecast for February 28, 2025 suggests an attempt to develop a bullish correction and test the resistance area near 155.05. Then, a continuation of the decline to an area below 115.05. An additional signal in favor of Solana’s decline will be a trend line test on the Relative Strength Index (RSI). The bearish scenario will be canceled by a strong rise and a breakout of 180.65, indicating a continued rise in the cryptocurrency with a target above 200.65.
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