$SOL /USDT – Sharp Decline After Rejection
SOL failed to hold above $185.87 and quickly sold off, dropping straight down to $178.27. Sellers stepped in hard, creating a sharp red candle, showing bears are in full control for now.
Key Levels
Resistance: $183 – $186
Support: $178 – $177
Breakdown Zone: Below $177 could extend the decline further
Trade Setup
Long Entry: Only if $SOL reclaims $182 with volume
Short Entry: If SOL fails to hold $178 support
Upside Target: $186 – $190
Downside Target: $175 – $172
Stop Loss: For long near $176, for short near $183
Bottom Line
A sharp breakdown from $185 resistance shows weakness. Bulls must defend $178–177 support or else deeper losses may follow.
