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Solana (SOL) has plunged $121 from its recent peak, now trading around $152-$157. The sharp drop has rattled investors, driven by several key factors:
1. Market Volatility: Broader crypto market fears, fueled by U.S. tariff concerns, have triggered sell-offs, with SOL down 7% in a week.
2. Token Unlocks: Over 1.4 million SOL ($236M) were unstaked, increasing supply and pushing prices down.
3. Memecoin Slump: Fading hype around Solana-based memecoins like Pump.fun, which drove 75% of Q1 2025 revenue, has hurt sentiment.
4. Technical Weakness: SOL broke below its 50-day EMA, with bearish indicators like negative funding rates and a long-to-short ratio of 0.85 signaling further declines, possibly to $130-$140.
5. Institutional Selling: Heavy selling during high-volume trading and a 3.23% drop in futures open interest reflect waning bullish momentum.
Outlook: Despite the downturn, Solana’s fundamentals remain strong, with 731M weekly transactions and $11B in TVL. A break above $180 could spark a rally to $210 or higher, but a drop below $152 may test lower supports. Investors should stay cautious, monitor key levels, and consider Solana’s long-term potential amid short-term risks.$SOL
Disclaimer: This is not financial advice. Conduct your own research before investing.

Based on the BTC/USDT daily chart from Binance at 07:37 PM PKT on June 5, 2025, here’s a concise short trade setup:
Entry Point: The current price is $104,177.00, testing the resistance zone ($104,177.00–$111,980.00).
Enter a short position if a rejection is confirmed (e.g., a bearish candlestick like a shooting star or a drop below $104,177.00). For now, you could enter at $104,177.00 with confirmation of weakness.Stop-Loss:
Place a stop-loss above the resistance zone at $112,000.00 to account for potential breakout attempts. This limits your risk if the price breaks higher.Take-Profit: Target the next support at $97,365.92, as marked on the chart. A more conservative target could be $100,000.00 for a quicker exit.Risk-Reward Ratio:
From $104,177.00 to $112,000.00 (stop-loss), you’re risking $7,823. Targeting $97,365.92 gives a profit of $6,811, which is a 1:0.87 risk-reward ratio. Adjust position size to risk no more than 1-2% of your account.Indicators: RSI (6) at 34.26 suggests momentum is fading, supporting a potential pullback. Watch for declining volume on the daily chart to confirm selling pressure.Action:
Short at $104,177.00 on confirmation of rejection, stop-loss at $112,000.00, target $97,365.92. Monitor price action closely for confirmation.$BTC
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