Signal SOLUSD Sell — D1 - May 16, 2026 02:44 GMT-4
The daily chart of SOLUSD reveals a bearish trend, with the price action forming a descending triangle pattern. The recent high at 95.54 serves as a key resistance level, while the low at 73.86 represents a potential support zone. The volume, although not excessively high, has been increasing, indicating growing bearish momentum. This is further reinforced by the declining moving averages, suggesting a strong downtrend. The current price action is approaching the 88.02 entry level, which aligns with the signal's direction. Given the bearish trend and the potential support zone at 73.86, a sell signal is justified. The market is…