โ ๏ธ Solana Breaks $140 โ Bearish H&S Pattern Confirmed! ๐งจ
๐ SOL/USDT: ~$134.36
๐ง Bearish Head & Shoulders pattern completes with close below $140
๐ Downside target: $93 if breakdown continues
๐ Whatโs Next?
๐ป Bearish Continuation:
โข Below $140 = Pressure remains
โข Targets: $110 โ $93
๐ผ Relief Rally Possible:
โข RSI = Oversold
โข Bounce could retest:
$140 (breakdown level)
$148 (20-day EMA)
$160 (50-day SMA resistance)
๐ Bullish Signal:
Close above 50-SMA = recovery path to $149 โ $158
โ ๏ธ Caution: Bearish trend dominates, but short-term bounce may trap late sellers.
#Solana #SOL #HeadAndShoulders #TechnicalAnalysis $SOL