📢 $SOL ($SOL) CRITICAL ALERT: The $160 Support Test! 📉
Timeframe: 4H/Daily | Current Price: $\approx \mathbf{\$164.00}$
The bears are pushing hard, confirming a short-term downtrend after breaking the 200-MA. However, we're now at a make-or-break zone!
Key Technical Summary:
Critical Support ($S1$): $160.00 – $163.59. This level is a major psychological floor and aligns with the $\mathbf{0.618}$ Fibonacci Retracement. It MUST hold.
Momentum Check: The RSI is nearing the Oversold zone (signaling selling exhaustion), and the MACD is showing signs of slowing bearish momentum. A short-term bounce is becoming increasingly likely if this support holds.
Resistance ($R1$): $\mathbf{\$175.00}$ is the first major hurdle. A decisive break above $\mathbf{\$180.00}$ is needed to shift the bearish structure.
The Game Plan:
BULLISH: Watch for a strong reaction and consolidation above $160.00.
BEARISH: A breakdown below $160.00 on volume opens the door to the $\mathbf{\$140}$ range.
👉 Engage: Are we finally seeing the bottom of this leg, or is more pain coming? Drop your thoughts below!
