SOL Weekly Danger Signal! Is the Downtrend Completely Unstoppable?
Recently, SOL has been wavering around 147, and the weekly chart has me shaking my head—bears are completely in control, and the resistance line above is blocking like a wall. The MACD indicator is still heading downward, indicating that the bearish momentum is not exhausted yet.
Right now, both bulls and bears in the market are playing dead, and outside capital is just watching, with trading volume as quiet as a cold winter. My viewpoint is very direct: don't be fooled by intraday rebounds!
This adjustment is far from over, and the small rebounds in between are just false moves. Unless SOL can break through the significant 170 mark with volume, the main theme of the downtrend remains unchanged.
Currently, we must keep a close eye on the critical line of 140-135. If this range cannot be defended, the 120-115 area will likely be at risk, and in extreme cases, we may even see levels around 107.
If you're struggling to make the right calls, always chasing highs and cutting losses, feel free to chat with me, like + leave a message, and Brother Hu will get you on board.