$SOL Solana is down 1.50% at $105.69, with the supplied analysis indicating a loss of $106 support and a bearish four-hour MACD crossover below zero. Declining open interest suggests long-position capitulation, while funding moves toward neutral. The proposed bearish setup depends on continued weakness; a recovery above resistance could undermine the short thesis. Weekend short squeezes remain a stated risk.
đ Bias: Bearish | đŻ Entry: $105.50â$106.20 | đĄ Support: $102.00 / $98.50 | đ§ Resistance: $108.50 / $112.00 | đŻ Targets: $102.50 / $100.00 / $97.00 | â Invalidation: $109.20
Strategy: Favor a confirmed failed reclaim of $106 or continuation below local support. Avoid entering blindly if price rebounds sharply.
#SOL #Solana #CryptoTrading #TechnicalAnalysis #BinanceSquare
đ Bias: Bearish | đŻ Entry: $105.50â$106.20 | đĄ Support: $102.00 / $98.50 | đ§ Resistance: $108.50 / $112.00 | đŻ Targets: $102.50 / $100.00 / $97.00 | â Invalidation: $109.20
Strategy: Favor a confirmed failed reclaim of $106 or continuation below local support. Avoid entering blindly if price rebounds sharply.
#SOL #Solana #CryptoTrading #TechnicalAnalysis #BinanceSquare
