$SOL is facing selling pressure, down around 3.6% over 24 hours. The broader crypto market weakness and heavy long-position liquidations are adding pressure.
Key technical levels:
Support: $78–79
Next support: $75–76
Resistance: $82–84
Major resistance: $86–87
Technical outlook: RSI is near 21, indicating oversold conditions. A short-term relief bounce is possible, but the overall trend remains bearish until SOL reclaims the $83–84 resistance zone.
My view: Avoid aggressive long entries until SOL shows a confirmed reversal. A daily close above $84 would improve the bullish case; a breakdown below $78 could expose $75–76.
Strategy: Wait for confirmation rather than catching a falling knife.
This is a market analysis, not financial advice. Prices are approximate snapshots, not guaranteed live execution prices.
#SolanaUSTD #USPPIMissMayEaseBTCPressure #BitcoinCoreDisclosesTorTrafficVulnerability
Key technical levels:
Support: $78–79
Next support: $75–76
Resistance: $82–84
Major resistance: $86–87
Technical outlook: RSI is near 21, indicating oversold conditions. A short-term relief bounce is possible, but the overall trend remains bearish until SOL reclaims the $83–84 resistance zone.
My view: Avoid aggressive long entries until SOL shows a confirmed reversal. A daily close above $84 would improve the bullish case; a breakdown below $78 could expose $75–76.
Strategy: Wait for confirmation rather than catching a falling knife.
This is a market analysis, not financial advice. Prices are approximate snapshots, not guaranteed live execution prices.
#SolanaUSTD #USPPIMissMayEaseBTCPressure #BitcoinCoreDisclosesTorTrafficVulnerability
