🔥 SOL is Plummeting – But This is the "Golden Threshold" That Could Bounce Solana Back! 👋
Solana (SOL) is under significant pressure and has dropped to around $153, so what is happening and how much more must it drop to rebound?
📉 Why is SOL dropping?
Weak market sentiment: Negative funding rate, many people are shorting SOL.
Poor technical indicators: Price below the 50 and 200-day SMA, weak RSI, below the Ichimoku cloud.
Pressure from memecoins: Tokens like pump.fun are causing network congestion & diluting cash flow.
BTC & unstable macro market: Chain reactions causing altcoins to plunge.
🛡️ "Stopgap" support zone
$145: Survival mark – if it holds, SOL still has a chance.
$132: Deeper support, could be a strong buying point if the market continues to decline.
🚀 Want to bounce back? Need to break these barriers:
$160–165: Breaking through = short-term reversal signal.
$180–183: Strong resistance – breaking through opens the door back to $200+.
$190+: If it surpasses this zone = trend returns upward, FOMO likely to occur.
🎯 Conclusion:
If it holds $145 and breaks through $165, SOL could recover. But if it breaks down, falling to $132 is not impossible!