⚠️⚠️ Don’t Trust the Bounce — $SOL Could Be Setting Up a Trap!⚠️⚠️
Solana just lost $211 — a level many swore was “strong support.” Now it’s clinging to $201, but the question is: is this a real floor, or just another weak step before the next drop?
👉 RSI is flashing “oversold” at 23… but let’s be honest, it was “oversold” at $250, $230, and $211 too. Oversold doesn’t mean bounce — sometimes it just means still falling.
⚠️ If $200 breaks, the next clear support sits around $187. That’s where real panic could hit.
🚀 If $200 holds, we could see a bounce toward $214, maybe even $229 in a strong scenario.
But here’s the filter: I’ll only believe in a rebound if $SOL closes 1–2% above $211 with at least 1.5× average volume. Anything less is noise dressed up as “support.”
💡 Solution for traders:
Don’t blindly buy every “oversold” call.
If you’re trading, stops under $200 make sense.
If you’re holding, remember Solana still leads in real usage + developer activity — the fundamentals remain stronger than the chart looks.
🌊 October may shake weak hands, but Solana’s bigger story is far from over.
NOTE : THIS IS NOT A FINANCIAL ADVICE AND IS JUST MY PERSONAL ANALYSIS.
PLEASE DO YOUR OWN RESE
ARCH BEFORE ANY INVESTMENT.