๐จ Solana Tests $150 Support โ Will Bulls Hold the Line? ๐ง ๐ฅ
Solanaโs price action is heating up โ but cracks are forming.
๐ Current Snapshot:
โข Price: ~$158
โข Trend: Corrective pullback
โข Last High: $168.60
โข SMA100 (1H): Acting as resistance
โข Key Zone: $150โ$155 โ ๏ธ
๐ What Just Happened?
โ SOL climbed above $160 and broke short-term resistance
โ But it failed near $168, triggering a sell-off
โ Broke below the $162 trendline + 100-hour SMA
โ Now testing critical support at $158โ$155
๐ Technical Breakdown:
๐ป MACD: Still bearish โ no bullish crossover yet
๐ป RSI: Below 50 = Weak momentum
๐ป Fib Levels:
โข 50% retracement = breached
โข 76.4% retracement = acting as support
๐ง Key Levels to Watch:
โ Resistance:
โข $160 โ short-term barrier
โข $162 โ trendline breakout trigger
โข $168 โ major hurdle
โข $178/$185 โ breakout targets
โ Support:
โข $158 โ current test zone
โข $155 โ critical support
โข $150 โ psychological + structural base
โข Below $150? โ $145 possible
๐ Scenario 1: Bullish Recovery
โข Break above $162 = new momentum
โข Retest $168 โ breakout attempt toward $178โ$185
๐ Scenario 2: Breakdown Incoming
โข Rejection at $160โ$162
โข Slip under $155 = $150 in play
โข Close below $150 โ steep drop to $145
๐ก Final Word:
Solana bulls must defend $155โ$158.
If not, $150 becomes the last line in the sand.
Hold your positions tight โ the next few candles are critical!
๐ข Are you buying this dip or waiting for confirmation?
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