$SOL

🚨Solana Risks Drop to $125 If It Fails to Recapture This Price Zone🚨

Looking at the daily chart, today’s jump has successfully retested the $170 level, which is our key area to watch.

This resistance level is in confluence with the 9-day and 21-day exponential moving average (EMA), which increases its relevance. A rejection of a move above this mark could ignite a much deeper drop that would push us out of pullback territory and into correction area.

This would mean that prices could continue to go up but at a much slower pace compared to April-July, possibly as the market is struggling to digest the implications of the latest macroeconomic data for the U.S. and global economy – including Trump’s decisions on tariffs.

The 9-day and 21-day EMAs are close to the 200-day EMA. That increases the risk of a confirmed trend reversal that could trigger a strong decline. If we do get a ‘death cross’, chances are that SOL could drop to $125 in the near term.

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