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$SOL Breakdown Update โ Key Support Lost, Bears Fired the First Shot! ๐๐ฑ
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 didnโt just slip โ it triggered stopโlosses and unleashed fresh sell pressure, accelerating the recent dump as sellers overwhelmed bids.
๐ฅ Why This Matters โช $126 was a key technical pivot โ repeatedly defended by bulls, now flipped to resistance. Losing it means structure shifted bearish on shorter timeframes.
โช Breakdown = stop runs & increased selling โ sellers stepped in as stops below $126 were cleared, pushing price lower toward deeper support zones.
โช Momentum still soft โ RSI and MACD signal the trend hasnโt flipped bullish yet, and resistance at $125โ$126 continues to cap rebounds.
๐ฅ Bullish Recovery Scenario For bulls to reclaim control and reduce downside risk,
$SOL needs a clean reclaim above the $126โ$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 itโs all about levels โ let price confirm direction. Bears struck first, but a quick reclaim could flip the script. Stay sharp! ๐๐ฅ
#SOL #Solana #CryptoUpdate #Breakdown
#SupportFlip Not financial advice โ do your own research!