$SOL ANA UNDER HEAVY SELLING PRESSURE – WILL $76.68 HOLD OR BREAK?
I'm keeping a close eye on SOL because the short-term structure is showing clear bearish momentum.
SOL is currently trading around $76.80, down 5.23%, after facing rejection from its 24H high of $82.38. Sellers have maintained control on the 15-minute chart, with lower highs and lower lows developing throughout the recent session.
Market Overview
- Current Price: $76.80
- 24H High: $82.38
- 24H Low: $76.68
- 24H Change: -5.23%
- 24H Volume: 3.85M SOL
- Trading Volume: 305.81M USDT
- Chart Timeframe: 15M
The $76.68 area is the immediate support I'm watching. If sellers push below this level, further downside pressure could follow.
On the upside, $77.65 is the first resistance to reclaim, followed by the $78.90 area.
My Trading Plan
I'm not rushing into a spot buy while the bearish structure remains intact.
My strategy:
- Initial DCA Watch Zone: $76.40–$76.70, only after a reversal signal.
- TP1: $77.65
- TP2: $78.90
- TP3: $80.16
- Confirmation: A strong 15M bullish candle close with increasing volume.
- Invalidation: A sustained breakdown below the recent $76.68 low would invalidate the immediate bounce setup.
I want to see buyers defend support and reclaim resistance before adding exposure.
Final Thoughts
SOL is approaching an important decision zone. The next reaction around $76.68 could determine whether we see a relief bounce or another leg lower.
I'm watching price action and volume closely. No need to rush — confirmation comes first!
I'm keeping a close eye on SOL because the short-term structure is showing clear bearish momentum.
SOL is currently trading around $76.80, down 5.23%, after facing rejection from its 24H high of $82.38. Sellers have maintained control on the 15-minute chart, with lower highs and lower lows developing throughout the recent session.
Market Overview
- Current Price: $76.80
- 24H High: $82.38
- 24H Low: $76.68
- 24H Change: -5.23%
- 24H Volume: 3.85M SOL
- Trading Volume: 305.81M USDT
- Chart Timeframe: 15M
The $76.68 area is the immediate support I'm watching. If sellers push below this level, further downside pressure could follow.
On the upside, $77.65 is the first resistance to reclaim, followed by the $78.90 area.
My Trading Plan
I'm not rushing into a spot buy while the bearish structure remains intact.
My strategy:
- Initial DCA Watch Zone: $76.40–$76.70, only after a reversal signal.
- TP1: $77.65
- TP2: $78.90
- TP3: $80.16
- Confirmation: A strong 15M bullish candle close with increasing volume.
- Invalidation: A sustained breakdown below the recent $76.68 low would invalidate the immediate bounce setup.
I want to see buyers defend support and reclaim resistance before adding exposure.
Final Thoughts
SOL is approaching an important decision zone. The next reaction around $76.68 could determine whether we see a relief bounce or another leg lower.
I'm watching price action and volume closely. No need to rush — confirmation comes first!
