๐ป $SOL/USDT โ Sharp Selloff Hits Fresh Lows! โ ๏ธ
Solana ($SOL) is under heavy selling pressure, now trading at $177.76 (-2.44%), just above its 24H low of $177.32. After facing strong rejection at $185.87, bearish momentum took over, breaking through the critical $180 psychological support and pushing price into a vulnerable range.
๐ Market Snapshot
Current Price: $177.76
24H High: $185.87
24H Low: $177.32
Key Resistance: $182 โ $185
Key Support: $177 โ $174
๐ Price Action Analysis
The 30-minute chart highlights a decisive bearish leg, with strong red candles confirming downside momentum. The failure to hold $180 has opened the door for a potential retest of the $174โ$175 demand zone โ a key level for buyers to defend.$SOL
๐ Bearish Trade Setup
Entry Zone (Short): $178 โ $180 (potential dead-cat bounce area)
Target 1 (TP1): $176
Target 2 (TP2): $174
Stop Loss (SL): $182.5 (above intraday resistance)
๐ก Pro Tip
A close below $177 with strong volume could trigger a deeper drop toward $174. However, be cautious โ if buyers step in at this demand zone, short-sellers could get squeezed. Keep stops tight.$SOL
๐จ Critical Zone: $177
Solana is at a make-or-break level. Bears are in control, but if $177 holds as strong support, we could see a sharp recovery.
Would you like a bullish recovery setup in case $177 proves to be a solid floor?
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