$SOL
🚨 SOL broke the ascending trend line of the symmetrical triangle directly on November 3, which means the uncertain phase of consolidation is over, and the bears officially take control of the steering wheel 💣.
📉 From a technical perspective, the current target is very clear — SOL is likely to test the strong support at $155. If it holds there, the bulls can catch their breath, but be careful, the rebound might encounter a second wave of pressure from the bears near the 20-day moving average ($188). If it gets pushed back down from there, the price may continue to slide down to $137, which poses significant risk.
💪 But don't forget, the market is never a one-way street. If SOL can pull up directly from the current price or near $155, it indicates that buying interest is starting to come in at lower levels 🔥. Once it breaks through the 20-day moving average, the bulls may counterattack and challenge the resistance line above.
Summary:
👉 Breaking below the trend line = bears in control
👉 Holding above $155 = hope for a bull reversal
👉 Breaking the 20-day moving average = confirmation signal for a rebound
