Aliens TLDR

Solana’s [SOL] recent drop below its 38.2% Fibonacci support provoked a robust decline toward the 61.8% level.

The convincing bearish crossover of these EMAs has also impaired the near-term buying comeback possibility.

A compelling close above the 61.8% level could help the buyers gain thrust to test the $34-$35 range.

Also, traders/investors must watch for a strong crossover on the MACD to determine the near-term comeback possibility.

An inability of the buyers to test the $34-zone would fuel the ongoing bearish tendencies.

In view of the confluence of support in the $31-zone, SOL could propel a test of the $34-$35 range in the near term.