BullishBanter
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Bearish
$SOL break strong support at $120 and now $114 is next support... Big crashed...
SOL from $278 to $117 ... WHAT THE HELL IS HAPPENING WITH SOL ..
#solana ($SOL) has been in a freefall, breaking its $120 support and now heading toward $114 as the next critical level. This marks a staggering decline from $278 to $117, leaving investors in shock. The heavy sell-off and liquidation pressure have raised concerns about whether SOL can find stability or if further downside is inevitable.
Why is $SOL Crashing?
1️⃣ Broader Market Decline – The overall crypto market is facing massive corrections, with Bitcoin and Ethereum also experiencing steep declines. When major assets tumble, altcoins like Solana tend to follow suit.
2️⃣ Liquidations and Panic Selling – Large leveraged positions have been getting liquidated, triggering a chain reaction of sell-offs. As SOL dipped below key support zones, panic selling has accelerated.
3️⃣ Network & Regulatory Concerns – Solana has faced multiple network congestion issues in recent months, impacting investor confidence. Additionally, regulatory uncertainty across the crypto industry is pushing investors toward more stable assets.
What’s Next for SOL?
🔻 If SOL fails to hold $114, we could see a deeper correction toward $100 or even $90 in extreme bearish conditions.
🔺 A bounce from $114 support could trigger a short-term recovery, but SOL must reclaim $130+ to confirm any bullish momentum.
Traders should closely watch volume trends and whale movements to gauge the next major move. The current trend remains bearish, but reversal signs could emerge if buying pressure increases at key support levels.
SOL from $278 to $117 ... WHAT THE HELL IS HAPPENING WITH SOL ..
#solana ($SOL) has been in a freefall, breaking its $120 support and now heading toward $114 as the next critical level. This marks a staggering decline from $278 to $117, leaving investors in shock. The heavy sell-off and liquidation pressure have raised concerns about whether SOL can find stability or if further downside is inevitable.
Why is $SOL Crashing?
1️⃣ Broader Market Decline – The overall crypto market is facing massive corrections, with Bitcoin and Ethereum also experiencing steep declines. When major assets tumble, altcoins like Solana tend to follow suit.
2️⃣ Liquidations and Panic Selling – Large leveraged positions have been getting liquidated, triggering a chain reaction of sell-offs. As SOL dipped below key support zones, panic selling has accelerated.
3️⃣ Network & Regulatory Concerns – Solana has faced multiple network congestion issues in recent months, impacting investor confidence. Additionally, regulatory uncertainty across the crypto industry is pushing investors toward more stable assets.
What’s Next for SOL?
🔻 If SOL fails to hold $114, we could see a deeper correction toward $100 or even $90 in extreme bearish conditions.
🔺 A bounce from $114 support could trigger a short-term recovery, but SOL must reclaim $130+ to confirm any bullish momentum.
Traders should closely watch volume trends and whale movements to gauge the next major move. The current trend remains bearish, but reversal signs could emerge if buying pressure increases at key support levels.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.