$SOL just lost momentum and is trading under key moving averages — the chart is screaming weakness.
Strong Rejection Zone:
- 165.30–165.50 → EMA(20) & EMA(40) barrier. Bulls keep failing here.
- 167.60–168.00 → If somehow broken, expect a quick squeeze.
Breakdown Levels:
- 163.00 → Weak intraday support. Losing this sends price lower fast.
- 161.30 → Yesterday’s low. A clean break here can trigger a sell cascade to 160.00 or lower.
Technical Setup:
- Price is below short-term EMAs.
- RSI is weak at 43 — no bullish push.
- MACD still negative — selling pressure dominates.
💡 Play: If price rejects again at 165.50, it’s a prime spot to flip short. First target 161.30, next 160.00.
❌ Invalidation: A strong close above 168.00 kills the short setup. DYOR
