Solana Price Update โ Bears in Control
๐น The Solana market had traders buzzing when $SOL tapped $186.80, hinting at a breakout. But the excitement didnโt last โ within hours, sellers stepped in hard, dragging price down to around $178, just above the 24-hour low of $177.83.
๐ Red candles have stacked up across the 15-minute, 1-hour, and 4-hour charts, showing short-term sellers firmly in charge. SOL is now testing critical support.
๐ Whale Activity โ Big Money is Selling
In just the past 2 hours, major wallets dumped 146K SOL.
Including all transactions, net outflow hits 162K SOL โ meaning more coins sold than bought.
Over the last 24 hours, large investors have been locking in profits, not adding positions โ a clear short-term bearish signal.
๐ Technical Picture โ Momentum Points Down
RSI (15m & 1h): Below 30 โ oversold, but bounce not confirmed without buying volume.
MACD: Bearish cross on all major timeframes; sellers still control momentum.
Moving Averages: Price is below the MA(5) and MA(10), keeping the short-term trend bearish.
๐ฎ Price Scenarios
Bearish Case: Sustained selling could drag SOL to the $176โ$175 zone before buyers step in.
Bullish Case: Rebound toward $181โ$183 possible if volume picks up from support.
Breakdown Risk: Stop-loss below $174 advised for active traders if $175 support fails.
๐ก Pro Tip: Oversold markets can bounce quickly โ but in a bearish setup, rallies often fade fast.
Have your entry, exit, and stop levels planned before jumping in.
๐ฅ Bottom Line: SOL is at a decision point. Watch whale activity and key levels closely โ the next few hours could decide whether we push back to $183 or break lower.#DeFiGetsGraded #CPIWatch #BTCOvertakesAmazon #ETHTreasuryStrategy
