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Is Solana a Good Buy Below 0.0007 BTC?

SOL/BTC Technical Analysis

Current Trading Level: 0.00055 BTC

Key Levels:

Support: 0.00029 BTC
Resistance: 0.00070 BTC / 0.00110 BTC / 0.00200 BTC / 0.00300 BTC
Analysis:

Solana in the BTC pair is showing a bearish trend. The important support level of 0.00070 BTC has already broken down, and the price is currently trading below this level. This suggests that Solana is in a bearish trend and could continue to decline to 0.00029 BTC in the mid-term.

However, if Solana breaks above the resistance level of 0.00070 BTC, it could see a bullish rally towards 0.003 BTC. The best accumulation zone for Solana is likely to be around 0.00029 BTC.