$SOL /USDT – Support Test in Progress! 🔄⚠️
Current Price: $169.95
24h Volume: 6.26M $SOL | $1.10B USD
Technical Overview:
Price is hovering near MA(7): $168.63, just below MA(25): $170.67 – indicating short-term pressure
MA(99): $173.75 acting as a key resistance
Price bounced off the $166.18 low – a critical support zone
Momentum weakening, but volume still high, suggesting a potential reversal or breakdown
Trade Setup – Rebound or Breakdown?
Scenario 1 – Bullish Rebound:
Entry: $168.50–$170.00
Stop Loss: $165.90
Targets:
🎯 TP1: $174.50
🎯 TP2: $179.00
🎯 TP3: $181.40 (resistance)
Scenario 2 – Bearish Breakdown (if closes below $166):
Short Entry: $165.50
Stop Loss: $169.00
Targets:
🔻 TP1: $161.00
🔻 TP2: $155.00
Sentiment: Neutral-Bearish — Watch the $166 support. Breakdown = bearish. Bounce = short-term bullish.
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