Signal SOLUSD Sell — D1 - May 16, 2026 14:22 GMT-4
The Solana daily chart (SOLUSD) presents a bearish setup, as the price has formed a descending triangle pattern, with the support level at 80.13 and resistance at 94.12. The recent candle close below 89.54 suggests a weakening of the bullish momentum. The volume has been decreasing since the 92.21 high, indicating a lack of buying interest. The RSI (not shown) is also in oversold territory, supporting the bearish view. Looking ahead, we expect the price to continue its downward trajectory, potentially reaching the 72.44 target. The signal's entry at 86.6 is well-placed to capture this move, with the stop-loss at…