$SOL SHARP DECLINE – IS THE MARKET SHOWING SIGNS OF WEAKNESS?
$SOL is facing clear selling pressure, with the price retreating to around 117.95 USDT, down more than 2% on the day and touching a low of 117.02 at one point.
Notably, on the 1-hour chart, $SOL has fallen below the MA7, MA25, and MA99 cluster around 120 USDT. The MACD has also turned negative. This indicates that sellers have the upper hand in the short term.
It’s not just SOL—overall market sentiment is also cautious, with both BTC and ETH weakening.
📌 Levels to watch:
Nearby support: 117–116.7 USDT
Resistance: 120–121 USDT
#sol #solana #crypto #BİNANCE #trading
$SOL is facing clear selling pressure, with the price retreating to around 117.95 USDT, down more than 2% on the day and touching a low of 117.02 at one point.
Notably, on the 1-hour chart, $SOL has fallen below the MA7, MA25, and MA99 cluster around 120 USDT. The MACD has also turned negative. This indicates that sellers have the upper hand in the short term.
It’s not just SOL—overall market sentiment is also cautious, with both BTC and ETH weakening.
📌 Levels to watch:
Nearby support: 117–116.7 USDT
Resistance: 120–121 USDT
#sol #solana #crypto #BİNANCE #trading