Solana (SOL), Approaching 'Death Cross'... Sign of Decline? Opportunity?

# Solana Approaches Critical Inflection Point as 'Death Cross' Nears (New York - By Jaehyung Park) Solana (SOL) is approaching a critical technical juncture as it nears the formation of a 'Death Cross.' The Death Cross is a bearish signal where the 50-day simple moving average (SMA) crosses below the 200-day SMA, often suggesting the beginning of a bearish market phase. According to U.Today on the 10th (local time), Solana's 50-day SMA, currently at $188.71, is declining and is expected to cross the 200-day SMA, currently at $184.03. This indicates that short-term momentum is weakening relative to the long-term average, and is being closely watched in the context of the recent bearish sentiment that has gripped the cryptocurrency market. # Solana Declines for Five Consecutive Days Solana's downward trend is being exacerbated by the Federal Reserve's interest rate policy and the broader market weakness in risk assets. The U.S. stock market also showed weakness as expectations for interest rate cuts have diminished, adding to the selling pressure in the cryptocurrency market. # Rebound vs. Further Decline The last time Solana experienced a Death Cross was in September 2024. At that time, SOL confirmed a short-term bottom and then transitioned to an uptrend, surging to $264 within two months. The subsequent Golden Cross—where the 50-day SMA crosses above the 200-day SMA—fueled the bullish rally. While a similar pattern could occur this time, the formation of the Death Cross might also drive SOL prices further down. # Key Support Levels and Investment Strategies Technical analysis identifies important support levels at $109 and $88. - $109: Approximately 10% below the current price, this level could attract short-term buying interest. - $88: A strong long-term support level that could act as a significant price floor. If Solana can maintain its price above these support levels, it may attract investors looking for buying opportunities at lower prices. Conversely, a break below these supports could lead to further downside.