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$SOL Breakdown Update — Key Support Lost, Bears Fired the First Shot! 📉😱
Solana just broke below the $126 support, a level that had been defended multiple times and acted as a strong floor for price action recently. That breakdown didn’t just slip — it triggered stop‑losses and unleashed fresh sell pressure, accelerating the recent dump as sellers overwhelmed bids.
💥 Why This Matters ▪ $126 was a key technical pivot — repeatedly defended by bulls, now flipped to resistance. Losing it means structure shifted bearish on shorter timeframes.
▪ Breakdown = stop runs & increased selling — sellers stepped in as stops below $126 were cleared, pushing price lower toward deeper support zones.
▪ Momentum still soft — RSI and MACD signal the trend hasn’t flipped bullish yet, and resistance at $125–$126 continues to cap rebounds.
🔥 Bullish Recovery Scenario For bulls to reclaim control and reduce downside risk,
$SOL needs a clean reclaim above the $126–$128 zone with strong volume. That would flip this level back into support and stabilize structure, opening the door for upside back toward $135+ and higher.
Right now it’s all about levels — let price confirm direction. Bears struck first, but a quick reclaim could flip the script. Stay sharp! 👀🔥
#SOL #Solana #CryptoUpdate #Breakdown
#SupportFlip Not financial advice — do your own research!