Don’t mistake consolidation around $105 for a bottom.
After losing the key support at $110, SOL dropped straight into the $105 range. The chart structure is even more bearish: the moving averages are in a textbook bearish alignment, and the price has remained below the MA20 and MA50, with every rebound fully capped.
Many people think that sideways trading after a breakdown means the price has stabilized. But with the moving averages stacked overhead, this weak, choppy action isn’t a bottom—it’s a sign that support is shifting lower. The bulls can’t even manage a decent bounce, so this is definitely not a safe entry point.
#以太坊升破2500美元 #SOL $SOL
#OGN $OGN
#以太坊升破2500美元
👇
After losing the key support at $110, SOL dropped straight into the $105 range. The chart structure is even more bearish: the moving averages are in a textbook bearish alignment, and the price has remained below the MA20 and MA50, with every rebound fully capped.
Many people think that sideways trading after a breakdown means the price has stabilized. But with the moving averages stacked overhead, this weak, choppy action isn’t a bottom—it’s a sign that support is shifting lower. The bulls can’t even manage a decent bounce, so this is definitely not a safe entry point.
#以太坊升破2500美元 #SOL $SOL
#OGN $OGN
#以太坊升破2500美元
👇