๐ฃ $SOL /USDT
Flash crash hit $130 โ but was that the bottom or just a pause?
๐ Current Price: $133.92 (-4.47%)
๐ 1H Chart Snapshot:
Solana printed a brutal red candle down to $130.90, marking a fresh intra-day low. Despite a bounce attempt, SOL is still trading under all major MAs, confirming trend weakness on lower timeframes.
๐ Moving Averages:
โข MA20: $139.28
โข MA50: $142.03
โข MA99: $144.03
All MAs are now acting as stacked dynamic resistance โ price needs to reclaim $139+ to escape this downtrend.
๐ Market Behavior:
After multiple rejections from $148โ$150, a strong sell-off triggered stop-losses and led to a liquidity flush. The quick bounce suggests buyer interest near $130, but conviction is still low.
๐ฅ Momentum Insight:
โข Volume spiked aggressively during the sell-off
โข Lower highs remain intact
โข No bullish divergence seen yet โ caution warranted
๐งฑ Key Levels to Watch:
โข Resistance: $136.50 โ $139.30 โ $142.00
โข Support: $130.90 โ $127.00
๐ Recommendations:
๐ป If $130.90 breaks again, downside may extend toward $127 or even $122.
๐ If SOL reclaims the $139โ$140 zone, we could see a short squeeze toward $144.
๐ Consolidation between $130โ$139 is possible while the market digests the recent drop.
โ ๏ธ DYOR โ Momentum favors sellers unless SOL flips key resistance. Avoid catching knives without confirmation and always use proper risk controls.
Will SOL reclaim $140 or revisit sub-$130 lows? Letโs discuss in the comments! ๐
