💥 Solana
$SOL Nightmare? Why a Key $130 Support Break Could Send Price to Triple Digits! 📉
Solana has been under relentless selling pressure, dropping over 6% in the last 24 hours to its current price of $130.64. The chart paints a clear bearish picture, with price consistently making lower lows and lower highs, trapping bulls and confirming a strong short-term downtrend.
📊 Technical Outlook (4-Hour Chart)
The 4-hour chart shows Solana is firmly bearish, with price trading below all major short-term Moving Averages (MAs).
MA(7) (Yellow Line): $136.73
MA(25) (Purple Line): $148.12
MA(99) (Dark Purple Line): $173.18
All MAs are pointing down and acting as resistance, confirming the dominant bearish trend.
MACD: The indicator is deeply negative and trending lower, with the DIF at -7.19 and the DEA at -6.62, resulting in a negative MACD Histogram value of -0.58. This indicates strong and increasing bearish momentum.
🐻 Trade Setup: SOL/USDT (Aggressive Short Continuation)
The current setup favors a continuation of the downtrend, targeting the next major psychological support.
Bias: Short Continuation (Selling the Rally)
🚀 Entry/Zone: $134 - $137 (A pullback toward the MA(7) resistance)
🎯 Target 1 (TP1): $128.82 (Re-testing the previous local low)
🎯 Target 2 (TP2): $120.00 (Psychological support/Triple Digit Test)
🛑 Stop-Loss (SL): $140.00 (A move that reclaims the $140 psychological level and breaks above recent consolidation)
The most immediate support is the local low at $128.82. A decisive break of this level, especially if accompanied by high volume, would confirm the next leg down and likely accelerate the drop toward $120. The key for the bears is to hold the price below the MA(7) ($136.73).
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