🚨 SOL at Crossroads — Bounce or Breakdown? 🚨
Dear Friends, Solana ($SOL /USDT) is trading around $204 after facing pressure in recent sessions.
📉 Technical Picture:
Price remains below key moving averages → bearish pressure intact.
RSI near oversold (30–35) → possible bounce signal.
MACD negative → sellers still hold momentum.
ADX strong (>50) → confirms strength of current downtrend.
🔑 Key Levels to Watch:
Support: $190 – $186 zone
Resistance: $200 – $205. A confirmed 4H/daily close above this range could flip momentum bullish.
📊 Trade Plan (NFA):
Conservative Long:
Wait for breakout & close above $205 with strong volume.
🎯 Targets: $210 → $218 → $230
Aggressive Long:
Entry near $204 (current price), but with tight stop-loss below $198.
Short Setup: Breakdown below $186 could open downside toward $175 – $168.
⚖️ Scenarios:
Break below support → more downside.
Hold $190 & breakout above $205 → chance for rebound rally.
Sideways chop → patience until range resolves.
👉 With BTC still steering overall sentiment, SOL is at a critical decision zone.
💭 What’s your call, Binance fam?