As Solana (SOL) navigates a bearish rectangle pattern, the broader altcoin market feels the weight of Bitcoin's pullback to the $91,000-$92,000 range. With critical support at $175 and resistance looming between $180-$185, traders are on high alert! 📉
Watch for SOL to hold above $175; falling below could lead to further declines. The $180-$185 range is a crucial resistance zone. A recent liquidation sweep has cleared positions, leaving open interest near break-even. Traders should exercise caution with leverage. Avoid long positions for now; consider spot buying for long-term holds. Shorting near $184-$185 could align with resistance levels.
With technical indicators showing oversold conditions, patience and disciplined risk management are key. Will Solana bounce back, or are we in for more turbulence? 🌊
