$SOL 🚨 SOL/USDT Price Update – Correction in Motion or Bounce Incoming? 📉📈

Solana ($SOL) is currently trading at $187.24 (+6.00%), but recent candles signal a potential pullback after hitting a local high of $206.30. Let's break it down: 🧠📊

🔍 Key Support & Resistance Levels:

🛑 Resistance Zone:

🔼 $206.30 – Recent top and strong rejection point

🔼 $192.65 – Immediate resistance from previous daily close

🟢 Support Zone:

🔽 $174.98 – EMA(25) and a key dynamic support level

🔽 $157.32 – Next demand zone if selling pressure continues

🔽 $139.65 – Historical support and potential bottom if panic selling escalates

📉 What’s Happening Now?

Price is pulling back after a steep rally.

Volume shows a decline on red candles = selling but not panic yet.

MACD histogram is fading — possible short-term weakness.

EMA(7) still above EMA(25), keeping bullish hopes alive.

🧭 What’s Next?

📌 If bulls defend the $175 zone, a bounce toward $192–$200 could follow.

📌 However, a break below $174 could drag SOL to $157 or even $140.

📌 Watch for a MACD cross and EMA(7) slope – signs of reversal or further dip.

🎯 Pro Tips:

✅ Use stop-loss near $174 if holding longs

✅ Accumulate only if SOL shows strong bounce confirmation

✅ Stay cautious — correction might not be over

📌 Final Word: This is a healthy correction so far after a strong run-up. But caution is key — don’t chase, let the chart guide you. 📉⏳

$SOL

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