Solana

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/sol-price-analysis-why-solana-can-fall-to-17-this-week/">SOL Price Analysis: Why Solana Can Fall To $17 This Week?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Failing to sustain a bullish trend above $20, the SOL price undergoes a downtrend motion, leading to a death cross. Moreover, the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" rel="noopener noreferrer nofollow">Solana price </a>bearish trend occurs in a falling channel pattern, creating constant lower-high formations.&nbsp; 
Currently, the falling prices take rejection from the 50-day EMA with increased supply to break under the 61.80% Fibonacci level.&nbsp; 
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Despite the remarkable 15% recovery at the start of September, the SOL price failed to surpass the 50-day EMA. Teasing a new negative cycle in the falling, the downtrend bearish candle forming last night triggered a selling spree.&nbsp; 
Furthermore, the sideways trend at the $19.25 mark displays a set of long-wick Doji candles warning of a huge overhead selling pressure. 
With the $19.45 breakdown, the next credible and strong footing for the Solana coin price is at $17.27. Currently trading at $18.95 with an intraday fall of 0.37%, the bearish pressure may soon crash the altcoin.&nbsp; 
Technical Indicators: 
Taking a step towards the bearish pitch, the chances of a downtrend in SOL price are increasing incredibly.&nbsp; 
MACD indicator: The MACD and signal lines struggle to sustain the bullish gap as the histograms are declining to the zero line. This increases the bearish crossover chances.&nbsp; 
RSI indicator: The RSI line reverses in an arch to cross under the halfway line and the 14-day SMA. This projects a solid rise in the underlying bearish sentiments.&nbsp;&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-sol-price-crash-this-week">Will the SOL price Crash This Week?</h2> 
With higher price rejection in the daily candle and the ongoing correction, it shows tremendous supply ready to crash SOL price soon. The downtrend may soon reach the $17.45 mark or even the bottom support level of the falling channel. 
On the flip side, buyers can attempt to reclaim the $19.25 mark in hopes of a bullish breakout. The upside breakout will push the prices higher to the $22.51 mark.&nbsp;

SOL Price Analysis: Why Solana Can Fall To $17 This Week?

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