Solana ($SOL) Faces Heavy Sell Pressure After Breakdown – Bearish Momentum Builds | By NoriFtm

Solana has taken a sharp turn downward, currently trading around $142.88 (-2.76%) against USDT. The price failed to sustain above the key $147 level and has since broken down with significant sell-side volume, signaling intense short-term bearish pressure.

Technical Snapshot:

Entry Zone: $143.50 – $143.80

Take Profit Targets: $141.80 and $140.50

Stop Loss: $145.10

The 15-minute chart reveals strong downside momentum. If bulls are unable to regain control and reclaim the $145 zone, further declines toward lower support levels appear likely. The short-term outlook remains firmly bearish.

Market Sentiment:

Momentum favors the sellers. Smart traders have already positioned themselves—are you prepared or still watching from the sidelines?

As part of my ongoing market coverage through the Binance Square Write to Earn initiative, I’ll continue tracking this setup. Stay tuned with NoriFtm for real-time updates and trade insights.

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