Bounce or Breakdown? Critical Reversal Zone❗#Solana just dipped to $128.08 after failing to hold the $134.79 level, but it’s now trying to rebound slightly, currently trading at $129.34. The RSI(6) is sitting at 31.40—nearing oversold territory—while the StochRSI is deeply compressed around 6.41, suggesting a potential technical bounce might be brewing.
Snapshot:
Price: $129.34
24H High/Low: $136.13 / $125.32
Volume (24H): 4.78M SOL
Indicators Flashing Reversal Hints:
RSI(6): 31.40 – Approaching oversold zone
StochRSI: 6.41 – Deeply oversold on 15m timeframe
Bullish divergence may be forming if the next low holds higher
Key Levels:
Immediate Resistance: $130.50 / $132.80
Major Support: $128.00 / $125.00
Potential Trade Setup:
Long Entry: $128.50–$129.20 if bounce sustains
TP1: $130.80
TP2: $132.50
Stop Loss: Below $127.70
The market is at a make-or-break moment for $SOL. Watch for confirmation with volume on green candles—this could be the early spark of a reversal or just another dead cat bounce.
buy and trade here $SOL
