📉 $SOL Oversold at $182 – Reversal in Play?
Solana just plunged to $181.57, testing key support with RSI(6) flashing 25.20 — a level that has historically signaled strong reversal potential.
Current Price: $182.48 (-5.16% 24h)
Catalysts: Invesco ETF buzz + heavy whale accumulation
Quick Idea: Test buy between $180–$183
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🔎 Market Snapshot
24h Volume: $560M (still strong liquidity)
Whale Activity: 271M SOL withdrawn from Coinbase this week — accumulation on the rise.
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📊 Technical Check
Support: $181.57 (24h low), $178.78 (MA99)
Resistance: $189.75 (MA7), $195.89 (24h high)
Signals:
RSI(6) = 25.20 → extreme oversold
Volume trending below MA5 → consolidation phase
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🌐 Fundamentals in Focus
Invesco ETF filing accepted by SEC, awaiting approval.
Superchain testnet (Base/Zora) live — strengthening dev ecosystem.
Retro Funding: 30M SOL (~$5.47B) earmarked for ecosystem growth.
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📉 Sentiment
Fear & Greed Index = 28 (Extreme Fear).
Social mentions +30% after ETF headlines.
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🎯 Trading Plan
Entry Zone: $180–$183
Stop-Loss: $175 (below MA99)
Targets:
TP1: $190
TP2: $198
Exit Trigger: RSI >50 with no price recovery
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✅ Takeaway:
$SOL looks beaten down and oversold, but strong fundamentals + whale accumulation could fuel a rebound. As always, manage risk — extreme fear can mean extreme opportunity.
#MarketPullback #BinanceAlphaAlert #AltcoinSeasonLoading #CPIWatch #REVABinanceTGE
