⚠️ $SOL Market Cap Breakdown Alert | Bearish Retest in Play
Current Price: $168.49 (-1.32%)
Market Cap Under Pressure – Targeting $83.3B
🙄🤔
What’s Happening?
Solana’s market cap is showing signs of weakness following a series of lower highs on the chart — a classic signal of waning bullish momentum.
📉 The market cap is now retesting a critical breakdown level, previously acting as support. If this retest confirms, it could flip to resistance — setting up for a potential move down to the next support zone: ~$83.3B.
🔍 Technical Setup:
• 🔻 Lower highs = bearish structure.
• 📊 Breakdown retest is happening now.
• 🛑 If the rejection holds, expect downside pressure.
• 🧭 Support to watch: $83.3B market cap zone.
⚠️ Risk Note:
This is not financial advice — it’s a technical observation based on market structure.
Always confirm with your own indicators and risk strategy before taking action.
The trend is your friend — until it breaks.
Stay sharp, stay informed.