Solana ($SOL SOL) has been showing signs of weakness — but is it a fakeout before a major bounce or a signal of deeper trouble ahead?

Let’s break it all down 👇

📉 Current Price (As of August 4, 2025): $126.40

  • 🔻 Down 6.2% in the last 24 hours

  • 📉 Down 17% from July highs

  • 🔎 Volume is declining, showing hesitation from bulls

🔍 Technical Breakdown

1️⃣ Support Zone:

  • $120 is the key horizontal support.

  • If this breaks, $105–$110 is next.

2️⃣ Resistance Zone:

  • $134 is acting as local resistance.

  • Major breakout level sits around $145.

3️⃣ Indicators:

  • RSI: Near 36 (oversold territory = possible bounce)

  • MACD: Bearish crossover confirmed

  • Bollinger Bands: Price is hugging the lower band — possible short-term reversal

🔮 Price Prediction (Short-Term)

📅 This Week:

  • Bullish Scenario: If $SOL holds $120 and BTC stays above $60K → bounce to $134–$140

  • Bearish Scenario: If $120 breaks → quick drop to $110–$105

🎯 August Target:

  • Base case: $138

  • Bull case: $145+

  • Bear case: $98–$105 if macro worsens

✅ Trade Plan (Not Financial Advice)

Option A: Bounce Play

  • Entry: $121–$124

  • TP: $134 / $140

  • SL: Below $119

Option B: Breakout Trade

  • Entry: On confirmed break above $135

  • TP: $145

  • SL: $129

Option C: Bearish Breakdown

  • Short entry: Below $119

  • TP: $110 / $105

  • SL: $123

📌 Final Thoughts

Solana is at a make-or-break level. Whales are watching $120 closely. If that holds, expect a fast bounce. But if it fails, we might revisit June lows.

💬 What’s YOUR trade idea on $SOL this week?
👇 Share your setup in the comments — let’s learn together!

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