$SOL Crashing Hard – Bears Take Full Control

Solana ($SOL) is under intense selling pressure as the price sharply dropped from its recent high of $176.77 to a fresh low of $159.44, marking a steep -5.80% decline. The market sentiment remains aggressively bearish, with no signs of a strong recovery or bullish reversal candles forming yet.

This move signals that bears are firmly in control, and unless the bulls manage to reclaim the $167+ level, the downside momentum is likely to persist.

Trade Setup:

Entry Zone: $161.00 – $162.50

Target 1 (TP1): $154.80

Target 2 (TP2): $147.50 (major support zone)

Stop-Loss: Above $167.00

Watch closely for a potential price rejection or volume spike near the $164–165 zone. If that happens, it could be a strong confirmation of continued bearish pressure and a solid short opportunity.

Technical Outlook:

The trend is decisively bearish on all short-term timeframes.

$147.50 stands as a critical support level, where price could either bounce or consolidate.

Without a reclaim of $167+, there's little reason to expect a meaningful reversal.

Final Thoughts:

The current $SOL price action demands caution. Bears are dominating the market structure, and only a strong push above $167 can signal a potential shift in momentum. Until then, the path of least resistance remains downward. Trade smart, manage your risk, and keep an eye on volume and key resistance zones for validation.

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