$SOL is trading around 78.9 after a sharp sell-off from the 93.4 area.
Price swept liquidity near 77.6 – 78.0, where some buying reaction appeared, but overall 1H structure is still bearish as price remains below the MA.
📌 Key Levels:
Support: 78.0 – 77.5
Resistance: 80.5 – 82.0
📉 After such a strong dump, a short-term relief bounce is possible if SOL holds above 78.
The volume spike during the sell-off indicates panic selling, which often precedes a temporary bounce before the next directional move.
🎯 Possible Long (Short-Term):
Entry: 78.0 – 79.0
TP1 (Near): 80.5
TP2 (Far): 82.0
SL: Below 77.2
⚠️ If 77 breaks, further downside toward 75 – 73 cannot be ignored.
💬 Dead-cat bounce or trend continuation lower?
Share your view 👇$SOL
SOL
88.29
+4.01%