$SOL has declined by 6 to 8% this week showing bearish trend. Technical indicators suggesting a strong selling pressure with all the moving averages signalling weakness.Nearest support levels are around $160 and then $145 with resistance around $180.

While technical indicators look bearish, medium term structure suggests a possible bounce if underlying support holds.

What is longterm perspective?

Many analysts still optimistic that $SOL will not dip below $160. So there are huge chances that in longterm $SOL can be around $220 to $240 at the end of year 2025.

What are your thoughts? Are you accumulating at this dip or wait further?

#TrumpTariffs #MarketPullback #FOMCMeeting #Write2Earn #SECProjectCrypto