🚨$SOL on the Edge! Will the Bulls Bite Back?💥
After a strong attempt to climb, $SOL faced heavy resistance near $163.64, triggering a sharp -3.35% drop—testing support at $154.14 before stabilizing around $155.97.
🕯️On the 1H chart, SOL is showing signs of consolidation post-dump. Buyers are slowly creeping back in, forming a tight accumulation zone. A breakout from here could signal the next leg.
📊 Order Book Action:
✔️Buyers: 51.94%
❌Sellers: 48.06%
The bulls are still in the game—but barely.
🔍 Key Trading Insights:
🔹Short-term resistance: $157.76
🔹Major support: $154.14
🔹Watch for breakout volume and candle confirmation above $158 for a safe entry.
🔹Break below $154 could open doors to $150 and beyond—tight stop losses are key.
📈 Mid-Term Outlook:
While $SOL is down 12.58% over 7 days, it’s still up +5.97% in 30 days, showing potential for a bounce once sentiment shifts.
🎯 Pro Tip:
Scalp traders can eye a $154–$158 range for quick flips, while swing traders should wait for a clear breakout from this range.
🧠 Crypto moves fast—stay faster. Trade smart, not emotional.
📉 Disclaimer: This is not financial advice. Always DYOR before investing.