$SOL Facing Strong Rejection at 99-MA – Bears Hold Control
Solana attempted to reclaim the $164.79 level but faced notable rejection around the 99-day moving average near $164.14. The price is now retreating to $163.90, suggesting continued resistance from sellers at higher levels.
🔻 Short Setup:
• Entry Range: $163.80 – $164.10
• Targets: $162.50 – $161.20
• Stop Loss: $165.00
Market View:
As long as $SOL remains below the 99-MA, bearish sentiment is likely to persist. A decisive break below $163.00 could trigger a deeper move toward recent support levels.
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