SOL price action creates an evening star pattern teasing a downtrend to the $25 mark as the selling pressure increase in the correcting market. The SOL price chart shows a growing bearish influence over the consolidating trend teasing a potential down three in continuation to the crucial support level of $25. Moreover, the higher price rejection with an evening star pattern supported by the spike in the intraday trading volume displays a stronger bearish side. So, should you consider booking profits early or taking a bearish position? Key Points: The SOL price plunges with an evening star pattern. A downtrend continuation might hit the bottom support of $25. The intraday trading volume in Solana is $1.07 billion, indicating a 54% gain. Source – TradingView SOL Technical Analysis The SOL prices took a bearish reversal after failing to sustain above the $45 mark. The price drop takes support at the psychological mark of $30, accounting for a 35% price drop. Currently, the price trend takes a lateral shift slightly above $30, with higher price rejection. Thus, the technical analysis reflects an increase in the selling pressure. Moreover, the increase in the intraday trading volume supports the evening star pattern formation. Also, the higher price rejection in the bearish candle projects a high possibility of a $30 fallout. The daily candle shows a lower price rejection with a growth of 1.23%, but the 15 hours left on the clock m...
