$SOL /USDT – Bearish Pressure Near Key Support ⚠️
Technical Analysis:
$SOL/USDT is trading at $122.74, down 0.97% in the last 24 hours, showing signs of bearish pressure after failing to sustain above $124 – $126 resistance. The immediate support is near $120.63, with resistance at $125.65. Trading volume is moderate at 2.11M SOL, indicating cautious market participation.
Trade Setup:
Entry Range: $122.50 – $123.00
Target 1: $121.00
Target 2: $120.00
Target 3: $118.50
Stop Loss (SL): $125.50
Short-Term Outlook:
$SOL may experience further downside if it fails to hold $122. A minor bounce is possible toward $124, but overall bearish pressure remains unless bulls reclaim $126.
Short Outlook of Market:
A breakdown below $120 could trigger a deeper correction toward $118 – $117. Conversely, reclaiming $126 could shift momentum back to bullish.
