๐จ Solana ($SOL ) Market Update โ Critical Levels to Watch! ๐จ
๐น Trend Shift: Solana has broken the floor of its rising trend channel in the medium-to-long term, indicating a weakening bullish momentum. Traders should stay cautious as the uptrend slows down.
๐น Double Top Breakdown: SOL recently broke below the key support at $178, confirming a double top formationโa strong bearish signal. This suggests further downside potential.
๐น Next Target: $118? The technical setup now signals a possible decline toward $118 or lower if selling pressure continues.
๐น Resistance at $125: SOL is currently testing resistance around $125.
โ Break above $125 โ A positive signal, possibly leading to a recovery.
โ Rejection at $125 โ Could trigger further downside movement.
๐ฏ Trading Plan for SOL Traders:
๐ Bullish Case: Wait for a clear breakout above $125 before considering new long positions.
๐ Bearish Case: If SOL fails to hold above $125, expect more downside, with $118 as the next major support.
๐ก Key Takeaway: SOL is at a critical levelโwatch $125 resistance and $118 support for the next big move!
๐ Are you bullish or bearish on Solana? Drop your thoughts in the comments! ๐
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