š» $SOL Price Breakdown: Bears Take Control Below $160
Solana (SOL) is currently trading at $159.06, down -1.99%, breaking below the key support zone around $160. The continuous lower highs and steep downward candles suggest strong selling pressure. If SOL fails to reclaim $160.95, we could see a retest of the $156.50ā157.00 support range. However, a bounce-back above $164.40 would invalidate the bearish bias and potentially trigger a reversal toward $170.
š§ Trade Setup:
Short Entry: $159.50ā160.50
Target 1: $157.00
Target 2: $155.00
Stop Loss: $164.50
š #Solana #CryptoTrading #BearishSetup #Altcoins #Binance