Solana’s price uptrend lacks the underlying momentum required to continue its bull run, indicating a selloff ahead.
Solana’s SOL (SOL) price risks losing nearly half its value in the coming weeks as a classic technical setup puts a potential 40% crash into play.
As of Dec. 19, SOL is trading at around $76.35, up around 50% compared to its local price low of around $51 a month ago.
However, SOL’s rally lacked the momentum required to sustain the uptrend further. Notably, the cryptocurrency’s relative strength index (RSI) has dropped from 90 to around 73 on its three-day chart, forming lower highs versus the price’s higher highs.
