🚨 $SOL /USDT – Dipping Hard! Is $174 Support or Slippery Slope? ⚠️🧊
#Solana down -5.53% to $174.69 — brushing up against critical support. Traders are watching this level like hawks.
📊 Market Overview
📍 Current Price: $174.69
📈 24h High: $187.71
❄️ 24h Low: $172.50
📉 RSI(6): 37.04 (Leaning oversold)
📊 Moving Averages:
MA(7): $175.05
MA(25): $179.98
MA(99): $174.03
💰 Volume: 5.77M SOL / $1.04B USDT
🧠 Momentum: Weak short-term bias, but holding long-term MA (MA99)
📈 SOL Trade Setup – Play the Range or Ride the Breakdown?
🔹 Bullish Scenario (if $174 holds as support):
Entry: Above $175
Targets: $180, $187, $192
Stop-Loss: $171.80
🔹 Bearish Scenario (if $174 fails with volume):
Entry: Below $172
Targets: $168, $164, $158
Stop-Loss: $176.50
🔍 Quick Take
⚠️ Just clinging to MA(99)
⚠️ RSI nearing oversold — potential dead cat or recovery zone
📉 MA cluster suggests short-term selling, long-term consolidation
💡 Strategy Tip:
🔍 Watch for candle closes below $172 on high volume — confirmation for short.
🛡️ Aggressive bulls might nibble near $174, but tight risk management is key.
📢 What’s next for $SOL? Range or rinse?
💬 COMMENT below with your bias & setups.
🔁 RETWEET if you’re riding this volatility! 💥