• Solana lost its key support at $20 and is now accelerating downwards.
• Trading volume, RSI and MACD all indicate a bearish bias in the short-term.
• The most likely area where Solana can stop this selloff is found at $15.

Solana Price Analysis

Solana lost its key support at $20 and is now accelerating downwards.

Key Support levels: $17, $15
Key Resistance levels: $20, $23

Trading Volume

The sustained sell volume in the past week has pushed Solana into making lower lows.

RSI

The daily RSI is quickly approaching the oversold area at under 30 points.