📉 Solana ($SOL) at a critical point after losing key support!

$SOL broke below the $140 support, confirming a head and shoulders (H&S) pattern — a strong bearish reversal signal.

🔍 Technical analysis (1D + 4H):

🔻 Overall trend remains bearish (downsloping moving averages)

📉 Immediate support: $126 (already touched)

🎯 Next bearish targets: $110 and $93 (H&S projection)

📈 However, RSI is deeply oversold (14 on 4H and 17 on 1D), pointing to a potential short-term relief rally.

🚧 Key short-term resistances:

$140 (breakdown level)

EMA-20 ($148)

SMA-50 ($160)

✅ If bulls manage a close above the EMA-20 and hold it, we could see a move to $149 and $158.

🔹 Primary trend: Bearish

🔹 Current setup: Oversold, potential bounce

🔹 Reversal confirmation only comes with a close above EMA-20 + $140

📊 Plan your move: accumulate at the lows or wait for technical confirmation.

$SOL

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