Crash Warning! SOL is plunging deeper than June 27 compared to this volume bar
Last night, SOL performed a textbook “fake breakout” on the 4-hour chart — after a morning false breakout above $151.94, it was accurately smashed through the key support pool at $148 by bears, currently oscillating in the 147-150 range. The MA7 death cross with MA30 looms high, and the market is fraught with danger.
Positive news: Solana ecosystem Cashmere upgrades cross-chain system
Negative news confirmed: A giant whale deposited 120,000 SOL to Binance early in the morning — replicating the June 27 crash script.
1. Support level moves down: The Fibonacci 38.2% support retreats to $146.95, tested three times this morning with volume breaking below, each rebound height decreasing.
2. Volume collapse: Current trading volume is 1.55 million SOL, down 35% from the average of the past three days, with a shrinking rebound coordinating the MA5 volume line crossing below MA10 forming a “death cross of volume”.
3. Increased pressure on trapped area: Nearly two weeks of trapped positions are piled up at $151.94, a breakthrough requires at least 5 million SOL to provide explosive support.
The current price is exactly at the tip of the death triangle between $147-$151.94, breaking below $148 will make $146.95 the battleground for bulls and bears. Those with heavy positions must set a trailing stop loss at $146.3, remember the mantra: a break and rebound is for survival; reclaiming with volume is a true breakthrough!
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