$SOL

$SOL USDT – Are Bears Taking Over?

📉 Market Overview:

Solana (SOL) is facing increased selling pressure, with a $174K short position placed at $129.27. This suggests traders are betting on a price drop, and if the bearish momentum continues, SOL could test lower support levels soon.

Despite its strong performance in recent months, the influx of short volume may shift the trend in the short term. The big question: Will bears drive SOL lower, or will bulls defend key support levels?

Key Market Data:

🔹 Short Volume: $174K (0.01% of total volume)

🔹 24H Total Volume: $2B

🔹 24H Average Volume: $2K

🔹 Short Order: $174K (Single position)

🔹 Current Price: $129.27

Market Sentiment & Analysis:

With growing short pressure, key support levels will be critical. If selling intensifies, SOL could drop to $125 or lower. However, a strong bounce from support could trigger a short squeeze, forcing sellers to buy back and driving the price higher.

Trade Setup & Targets:

🔻 Sell Below: $128.50 (Breakdown confirmation)

🎯 Target 1: $125.00 (First major support)

🎯 Target 2: $121.50 (Deeper correction)

🎯 Target 3: $118.00 (If heavy selling persists)

🛑 Stop Loss: $132.00 (To protect against reversals)

Trading Strategy:

✅ Watch for a break below $128.50—this would confirm bearish control.

✅ Monitor trading volume—a surge in sell volume will reinforce the downtrend.

✅ If SOL rebounds from $125, it could signal strong buyer interest.

⚡ Bears are making their move—stay sharp and trade wisely!

SOL Price: $129.25 (+0.72%)

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