Here’s the current SOL chart from Binance:
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📈 Short-Term Technical Summary
SOL is showing downward short-term pressure: price at ~$141–144, trading below EMA 5/10/20 (~142–143), RSI around mid‑30s, MACD bearish .
Capital outflows persist, indicating short-term investor caution .
Binance’s trend analysis today notes aggressive selling from a $148 top, but bulls stepping in near $137–141 support .
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Key Price Levels (Binance Insights)
Support Zones:
Near $141–140, a critical short-term base .
Deeper supports at $138–140 and $133 .
Resistance Clusters:
Around $144–146, which SOL has recently struggled to surpass .
Further blocking at $148–150 .
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Market Structure & Sentiment
Volatility has ramped up, with ranges shifting between roughly $155–185 over recent weeks .
Derivatives sentiment is bearish: declining open interest, rising long liquidations, and negative funding rate—signaling a bearish tilt among derivative traders .
A golden cross on the daily chart remains intact, which is a bullish technical signal .
Broader crypto macro headlines (e.g., geopolitical and ETF buzz) are significantly influencing SOL's moves .
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Outlook Strategy
⚠️ Short-Term: Bearish leaning unless SOL reclaims $146+. A decisive move above could trigger momentum toward $148–150. Break below $140–138 may open a slide to the $133–134 zone .
🟢 Medium-Term: SOL appears to be in Wave 5 of an Elliott pattern with targets around $180–190, provided it holds near $159–160 .
🔄 Macro Catalysts: Watch for regulatory/ETF news—particularly around Solana ETFs or broader crypto regulation—as these could severely swing sentiment .
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TL;DR & Trade Context
Scenario Entry Area Stop‑Loss Target
Bounce $141–142 $140 /69 $144 → $148
Breakout long >$146 * $144 $150 → $155
Breakdown <$140 $141.5 $138 → $133
* Wait for a strong break on volume.
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✅ Recommendations
Short-term traders: Use tight range trades with well-defined entries/stops around $141–144.
Medium/long-term holders: Stay aware of macro news (ETF filings, Solana on SEC’s radar) and be prepared to hold or add on dips toward mid-$130s.
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Let me know if you'd like chart visuals, deeper on-chain metrics, or ETF-related updates!
