Is $SOL Ready for a Bounce or More Downside? 📉
$SOL has been in a clear downtrend on the daily chart.
Price is currently around $81.59, still trading below MA(7), MA(25), and MA(99)** — showing overall bearish structure.
🔎 What I’m Seeing:
• Strong rejection from higher levels
• Lower highs & lower lows forming
• Volume spike near the recent bottom around $67.50
• Small bounce, but no strong breakout yet
📊 Key Levels:
Support: 78 – 67 zone
Resistance: 84 – 90 zone
As long as price stays below moving averages, upside momentum looks limited.
If buyers reclaim 90+ with strong volume, we could see relief.
Otherwise, downside pressure may continue.
⚠️ Not financial advice. Manage risk properly.
What’s your bias on SOL — bounce or breakdown? 👇
$SOL has been in a clear downtrend on the daily chart.
Price is currently around $81.59, still trading below MA(7), MA(25), and MA(99)** — showing overall bearish structure.
🔎 What I’m Seeing:
• Strong rejection from higher levels
• Lower highs & lower lows forming
• Volume spike near the recent bottom around $67.50
• Small bounce, but no strong breakout yet
📊 Key Levels:
Support: 78 – 67 zone
Resistance: 84 – 90 zone
As long as price stays below moving averages, upside momentum looks limited.
If buyers reclaim 90+ with strong volume, we could see relief.
Otherwise, downside pressure may continue.
⚠️ Not financial advice. Manage risk properly.
What’s your bias on SOL — bounce or breakdown? 👇
