$SOL /USDT BEARISH PULLBACK AS PRICE SLIDES BELOW MOVING AVERAGES — FURTHER DOWNSIDE AHEAD?
Market Next Move:
Solana ($SOL/USDT) is showing signs of a bearish continuation after failing to hold above the 25 and 99-period moving averages. With price currently at $139.76 (-2.52%), SOL has slipped below key short-term supports at $141.25 (MA 7) and $140.64 (MA 25), indicating selling pressure is mounting. The 24h low at $135.69 may soon be retested as momentum continues to weaken and volume favors sellers.
Trade Setup:
Position: Short
Entry: $139.50
Take Profit (TP): $135.70 / $132.50
Stop Loss (SL): $142.20
Market Outlook:
Unless bulls regain strength and push price back above the $144.00 resistance and 99 MA, Solana appears set for a deeper correction. Momentum indicators favor a bearish move, and any bounce toward $141-$142 may provide a shorting opportunity.
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buy and trade here on $SOL