🚀 SOLANA (SOL/USDT) – BREAKOUT FAILED? WHAT’S NEXT? 🚀

Solana successfully broke past $126.08 and reached $127, but the move was short-lived, and now price has dropped back to $125.29 after failing to hold above resistance. This price action shows a fake breakout (bull trap) followed by a strong rejection.

📉 Key Takeaways from the Price Action:

Breakout above $126.08 happened as expected, but buyers couldn’t sustain the momentum.

Rejection and sharp drop back below key levels indicate potential weakness.

Current price: $125.29 → Testing support zones.

📌 Key Levels to Watch Now:

🔴 Resistance: $126.08 → Previous breakout level, now acting as resistance.

🟢 Support: $125.53 - $125.67 → Price needs to hold here to avoid further downside.

🔍 Indicators Show Bearish Signs:

- Volume spike on rejection → Sellers took control.

- Price trading below EMA 100 & VWAP → Further downside possible.

💡 If SOL reclaims $126.08, the bullish case is back on. If not, we could see further retracement towards $124.80 - $124.40.

⚠️ Disclaimer: I'm not a professional trader, and this is just my personal analysis. I could be wrong, so always do your own research before making any trading decisions!

🔥 What’s your strategy now? Will SOL recover, or are we heading lower? Let’s discuss! #TradersBootCamp #Solana #CryptoAnalysis