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#binancehodlerat 📉 Solana (SOL) Market Status Update
Solana (SOL) is currently under strong bearish pressure 🐻 and trading around its crucial long-term support zone of $120 🛡️.
Technical indicators like Moving Averages point to a continuation of the downtrend, with the risk of a sharp drop toward the $70 range 🔻 if the $120 support level is decisively broken.
Despite the short-term selling, Solana's on-chain metrics, such as high DEX volume and growing Total Value Locked (TVL) 🔗, indicate strong underlying network utility that supports its long-term potential 🚀.
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$NEAR
$NEAR Bullish 🐂
Entry: 1.653$ - 1.684$
Tp: 1.703$ - 1.734$ - 1.755$
Sl: 1.632$
Buy Long $NEAR Now! Sell at Targets

$BTC
Short-Term Trend: Bitcoin remains in a falling trend channel, indicating a continuation of bearish pressure and falling buying interest.

Key Levels: Immediate resistance is near $88,000, while the critical support to hold is around $85,000 to $84,000.

Overall Outlook: The short-term view is technically negative, but the market is heavily oversold, suggesting a relief rally or bounce is highly possible if support holds.

$FOLKS

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