$SOL is bleeding — where does it stop?
Price is at $116.39, down 3.62%, and it just lost both the EMA20 ($119.22) and EMA50 ($119.28) on the 4H. That's a clear shift in short-term momentum.
The key level I'm watching is $119.28. As long as price stays below it, the downside prevails.
If bulls reclaim $119.28: This becomes a support bounce, and a push toward $125 comes back into play.
If bears hold control: Losing $111.79 opens the door to $109, then $103.
Price is at $116.39, down 3.62%, and it just lost both the EMA20 ($119.22) and EMA50 ($119.28) on the 4H. That's a clear shift in short-term momentum.
The key level I'm watching is $119.28. As long as price stays below it, the downside prevails.
If bulls reclaim $119.28: This becomes a support bounce, and a push toward $125 comes back into play.
If bears hold control: Losing $111.79 opens the door to $109, then $103.