Solana ($SOL) is facing immediate downward pressure, currently trading at $106.91 (down 0.36%).

After hitting a local high of $108.27, a wave of selling pushed the price below both its 7-day MA ($107.07) and 25-day MA ($107.43), locking in a short-term bearish trend.

🔍 Key Technical Takeaway

• The RSI(6) is deeply oversold at 25.13!

• While bears are in control, this heavily compressed RSI indicates the selling pressure is overextended.

• A short-term relief bounce toward $107.10 - $107.40 could trigger soon if buyers step in at the $106.70 support.

Are you buying this oversold dip or shorting it further? Let me know below! 👇

#Solana #SOL #CryptoAnalysis #BinanceSquare