🚨 SOLANA DUMP ALERT – TECHNICAL + FUNDAMENTAL WARNING! 💀
$SOL is under heavy selling pressure, now trading near $156.30, and sitting below all major moving averages (MA7: $160.8, MA25: $179.5). The MA(7) rejection confirms sellers are in control, while momentum indicators show accelerating downside.
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📊 Technical Breakdown:
Trend: Bearish continuation confirmed — price below all MAs.
MACD: Deeply negative (DIF: -10.61, DEA: -9.67), histogram expanding — showing increasing sell momentum.
Support: $145.85 (key level — a break here can trigger another major dump).
Resistance: $160.80 (short-term rejection zone).
🎯 Trade Setup (Short Bias)
Entry: Below $155 or rejection near $160.8
Targets: TP1: $146 | TP2: $130
Stop-Loss: $170
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💡 Fundamental Reasons Behind the Dump:
🔻 Network Congestion & High Fees: Recent Solana congestion issues and rising transaction delays have shaken trader confidence.
💸 Profit-Taking: After a strong multi-week rally, large holders (whales) are offloading positions.
🪙 Altcoin Market Pressure: Bitcoin dominance rising — money rotating out of altcoins into BTC/stablecoins.
🌐 ETF & Regulation Uncertainty: Ongoing uncertainty around altcoin regulations and delays in ETF approvals are adding downside risk.
📉 Liquidity Stress: On-chain data shows declining inflows and increasing exchange deposits — a bearish signal.
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⚠️ Summary:
Both technicals and fundamentals point to weakness — MA(7) rejection, bearish MACD, and fundamental selling pressure align for a possible continuation down. A break below $145.85 could open the path to $130.
📢 Do your own research and analysis before trading!
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