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$SOL /USDT – Oversold Panic or Bounce Incoming? 🔻🔁
#Solana just plunged nearly -10%, now hovering at $143.97. Is the selloff overdone—or is $140 just the start of deeper lows? Let’s break it down 👇
📊 Market Overview
📍 Current Price: $143.97
📈 24h High: $160.64
❄️ 24h Low: $140.21
📊 Parabolic SAR: Bearish trend confirmed – sellers in control
📉 MACD Momentum:
DIF: Bearish
DEA: Sliding lower
MACD: Strong selling pressure, no sign of a bullish crossover yet
📈 SOL Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If SOL Holds Above $140):
Entry: Above $146
Targets: $153, $160, $168+
Stop-Loss: $138
🔹 Bearish Scenario (If SOL Breaks Below $138):
Entry: Below $138
Targets: $130, $122, $110
Stop-Loss: $146
🔍 Should You Hold or Exit?
✅ RSI(6) = 22.95 = Deep in oversold zone – watch for a bounce
⚠️ MA(7), MA(25), MA(99) are well above current price = bearish dominance
⚠️ High volume on the drop = panic-driven selling
💡 Pro Tip:
📌 Reclaiming $146 with strong volume could confirm a recovery wave
⚠️ Break below $138 might trigger a flush to $130 or lower
🛑 Don’t trade without a stop—volatility is extreme!
📢 Are you long, short, or waiting for confirmation? Let’s hear it below!
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$SOL #SOL #Solana #Crypto #Write2Earn