$SOL / USDT Technical Analysis (3D Timeframe)

Current Price: $123.98

Market Structure: Bearish

Timeframe: 3 Days

Solana is showing strong bearish momentum after a massive rejection from the $253 zone. Price has continuously formed lower highs and lower lows, confirming a downtrend.

🔍 Technical Indicators Analysis

🔴 Supertrend (10,3):

Supertrend is clearly red, indicating a strong sell trend

Price is trading below Supertrend, confirming bearish control

📊 MACD:

MACD remains below the zero line

Histogram is weak → no strong bullish reversal yet

Momentum still favors sellers

📉 Volume:

Volume is decreasing, showing weak buying interest

No accumulation signs at current levels

📌 Key Levels to Watch

Support Zones:

$116 – $118 (recent low & short-term support)

$110 – $105 (major demand zone)

Resistance Zones:

$130 – $135 (immediate resistance)

$150 – $158 (Supertrend & breakdown zone)

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