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📉 Solana (SOL) Dips Again — Key Levels in Focus for a Possible Reversal
Solana (SOL) continues its downward momentum after failing to hold above $172. The price broke key support at $160 and even dipped below $152, touching as low as $150 before bouncing slightly. Despite a short-lived recovery above $155, SOL is still trading below the 100-hour SMA, indicating sustained bearish pressure.
📊 Technical Picture:
A descending trend line is capping upside near $160.
The $165 level marks the 50% Fib retracement of the $180–$150 drop.
MACD is showing early signs of recovery, but remains in the negative zone.
RSI is still under 50, hinting at weak bullish momentum.
🔍 Key Levels to Watch:
Resistance: $160 (trendline + SMA), $165, $170
Support: $155, $152, $145
Critical Breakdown Level: A close below $152 could drag SOL down toward $145 or even $132.
Breakout Trigger: A clean move above $160 could ignite a rally toward $180.
📌 Conclusion: The market is at a make-or-break point. Bulls need to reclaim $160 quickly, or bears could take control again. Keep an eye on volume and confirmation signals before entering.
#Solana #CryptoMarketAlert $SOL #BinanceAlphaAlert #FTXRefunds #MyCOSTrade #CEXvsDEX101
