🧵 Solana (SOL) Technical Breakdown – May 15, 2025 📉🚨

1- $SOL is trading around $173.83, down slightly today. What looked like strong bullish momentum is now facing resistance. Let’s break it down 👇

2- 📊 Price Context

– Current: $173.83

– Resistance: $183.72 & $187.00

– Support: $173.00 & $170.00

– Price struggling to hold above short-term moving averages.

3- 📉 Indicators Flashing Caution

– RSI (1H): 43 → Nearing oversold zone

– MACD: Mixed signals

– MA trend: Short-term bounce, but macro trend still corrective.

4- ⚠️ Market Sentiment

– Fear & Greed Index: 70 (Greed)

– Caution advised

– recent pump may be part of a relief rally in a broader correction.

5- 🔍 Setup Insight If SOL fails to reclaim $183+, we may revisit $170 or even lower. Breakout traders should wait for clean confirmation. 📉 If $173 breaks, downside risk increases.

6- 🛡️ Precaution Mode ON – Stay out if unsure. – If long, keep tight stops below $173.

– No clear bullish confirmation yet.

7- ✅ Summary SOL still in a risky zone. Wait for structure to form or breakouts to confirm. Not the time for blind longs. Stay alert. 🧠
$SOL