📊 $SOL Latest Snapshot
$SOL is trading around $140-$150 USD.
Technical indicators are strongly bearish: daily summary shows “Strong Sell”.
Many moving averages (MA5 through MA200) are signalling “Sell”.
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🔍 Key Insights & Outlook
Support zone: Roughly near ~$130-$135 USD (given recent lows).
Resistance zone: Likely around ~$160 USD and higher based on previous pivots.
With momentum weak and moving averages pointing down, the path of least resistance is currently downwards or sideways unless a strong catalyst emerges.
Upside scenario: A breakout above ~$160 with strong volume could change sentiment.
Downside risk: If support doesn’t hold, price could revisit earlier lows. Some forecasts suggest a drop toward ~$106 within weeks.
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