This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Solana’s recent impressive performance seems to have come to a halt, as the market currently reflects a different sentiment. Despite a strong showing from buyers, Solana lost momentum when it reached the resistance level of $67, resulting in a rejection by sellers. This shift in dynamics has led to bears taking control, marking the end of the uptrend that began in mid-October.Adding to the bearish outlook, the daily MACD moving averages recently experienced a bearish cross, confirming the return of sellers. If buyers fail to reenter the market, Solana could potentially fall back to its current support level of $44.Furthermore, a bearish divergence in the daily RSI has been confirmed. The price failed to reach higher highs and is now undergoing a correction. Until the daily RSI shows higher highs, the bias remains bearish.In summary, the overall bias for Solana is currently bearish. With the loss of the uptrend, Solana is now in search of support, with the $44 level being a strong candidate to attract buyers once again. Once support is established, there is potential for this cryptocurrency to regain upward momentum.Please note that the information provided is based on the given context and should not be considered as financial advice. It is always recommended to conduct thorough research before making any investment decisions.