2026-01-11 18:21:23

An analysis firm has issued a warning: the price has broken below a key uptrend line since the beginning of 2023, with downside targets pointing toward the $50 level.

The current situation is somewhat nuanced. The 24-hour trading volume remains at around $1.9 billion, while the RSI indicator oscillates around 40, displaying typical neutral zone performance. From a technical perspective, a downtrend is indeed brewing; however, the fundamentals are sending a different signal—a major application just announced Solana ecosystem integration, which is a noteworthy positive development.

Bulls and bears are locked in a stalemate. Which side will have the last laugh? The technical bearish signals are quite fierce, yet the fundamental growth expectations are also present. What's your take on this situation?

SOL4,8%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
3
Repost
Share

Comment

0/400

MidnightTrader

· 9h ago

Trendline broke, but I'm more bullish on this wave of Solana ecosystem positive catalysts. The opportunity to accumulate at the bottom is here. --- RSI is hovering around 40, honestly a bit weak, but the $50 target seems too pessimistic. --- Technical bearish again, fundamentals bullish again, I'm tired of this plot... let's wait for the news to land. --- $50? That's hilarious, if it really drops there I'm going all-in. This kind of bottom formation can't fool me. --- Solana ecosystem integration is the real deal, but technically there's pressure in the short term. We'll know in a few days. --- Trading volume is only 1.9 billion, volume contraction on the decline has no real reference value. Let's talk when volume expands. --- Bulls and bears in a stalemate? That's just a sign of accumulation before a breakout. Patience pays off. --- Being honest, I'm a bit nervous, but I'm still betting on fundamentals. Technical signals are too easy to fake.

View OriginalReply0

WhaleMinion

· 9h ago

The trendline has been broken, but the key question is whether Solana's recent ecosystem positive developments can withstand the bearish sell-off. That's the real point of interest. $50? That's too early to say; RSI is still swinging in the middle. It's the old debate of technical analysis vs. fundamentals. I just look at who holds more chips. This time, the application side really delivered, unlike the fake news last time. Short-term technicals are fierce, but the ecosystem is growing, which creates a contradiction. Breaking the trendline isn't scary; what's scary is if no one is willing to buy the dip afterward. Solana ecosystem integration > breaking a line; I remain bullish. 19 billion JPY in daily trading volume seems a bit fake. Can it resist the dip?

View OriginalReply0

SatoshiSherpa

· 10h ago

Breaking the trendline is what it is. The official announcements in the Solana ecosystem this time are the real deal. Don't be fooled by technicals. I don't believe in $50; the fundamentals support it right here. This pace... the bears are too eager, the positive news hasn't fully fermented yet. RSI swinging back and forth just means it's gathering strength, just waiting. I've heard technical bearishness too many times, and each time I've been proven wrong. The steady trading volume indicates someone is accumulating at the bottom. Breaking the line ≠ a bear market. Don't let panic emotions drive you. Both bulls and bears have their reasons, but I bet on the sustainability of ecosystem integration. $50 might be a bit of an overstatement... Trendlines are just references. I'm optimistic about Solana's real-world application landing this wave.

View OriginalReply0