📍$SOL : Is the Bear Trap preparing to plunge deeper?

📌 The price of SOL has just lost over -7.5% in 24 hours, threatening to break the ascending wedge pattern – the support zone of $176–180 has become a vital boundary.

📌 On-chain activity is weakening: the number of active addresses has dropped sharply by ~24% from the peak of 4.1M to 3.2M. Meanwhile, the amount of short positions is overwhelming – indicating a negative market sentiment.

📌 If SOL holds steady and bounces back from $176, this could be a bear trap. Conversely, if it breaks this zone, the decline could extend towards $140, even $105.

📌 Key levels to watch:

🛡️ $176–180: crucial support.

🚨 Breaking $176: confirms a deeper correction.

🎯 If it surpasses $188: reopens the target of $200–220.

💭 A sensitive phase – price reaction around the $176 area will shape the upcoming trend.