🚨 Solana ($SOL ) Market Update – Critical Levels to Watch! 🚨
🔹 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.
🔹 Double Top Breakdown: SOL recently broke below the key support at $178, confirming a double top formation—a strong bearish signal. This suggests further downside potential.
🔹 Next Target: $118? The technical setup now signals a possible decline toward $118 or lower if selling pressure continues.
🔹 Resistance at $125: SOL is currently testing resistance around $125.
✅ Break above $125 → A positive signal, possibly leading to a recovery.
❌ Rejection at $125 → Could trigger further downside movement.
🎯 Trading Plan for SOL Traders:
📌 Bullish Case: Wait for a clear breakout above $125 before considering new long positions.
📌 Bearish Case: If SOL fails to hold above $125, expect more downside, with $118 as the next major support.
💡 Key Takeaway: SOL is at a critical level—watch $125 resistance and $118 support for the next big move!
📊 Are you bullish or bearish on Solana? Drop your thoughts in the comments! 👇
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