/USDT – Bearish momentum near support! Watch the breakdown area
#Solana under pressure today with a decline of -5.00%, trading at $168.16 after rejection from $178.33. Trading volume remains strong at 523.18M USDT, but price action indicates the possibility of further declines unless the main support is maintained.
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SOL/USDT Trading Data:
Current Price: $168.16
24-Hour High: $178.33
24-Hour Low: $166.98
24-Hour Trading Volume (SOL): 3.02M
24-Hour Trading Volume (USDT): 523.18M
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Bearish Setup – Breakdown threat below $166.98
Short Entry Area: $168 – $172
TP1: $162
TP2: $157
Stop Loss: $177.90
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Bullish Rebound Scenario – If $166 is maintained:
Long Entry Area: $166.50 – $168.50 (only on strong rebound + volume)
TP1: $174
TP2: $178
Stop Loss: $164
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Market Outlook:
Solana shows bearish divergence with lower highs and strong selling pressure near resistance. If support at $166.98 fails, a breakdown towards $157 is likely. Bulls need a strong buyback with volume to regain momentum.
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Professional Tip: Use confirmation on 4-hour candle closes around $166-168 before committing. Avoid chasing volatility - wait for confirmation at key levels.
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