$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.
📈 Bias: Bearish | 🎯 Entry: $105.50–$106.20 | 🛡 Support: $102.00 / $98.50 | 🚧 Resistance: $108.50 / $112.00 | 🎯 Targets: $102.50 / $100.00 / $97.00 | ❌ 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
📈 Bias: Bearish | 🎯 Entry: $105.50–$106.20 | 🛡 Support: $102.00 / $98.50 | 🚧 Resistance: $108.50 / $112.00 | 🎯 Targets: $102.50 / $100.00 / $97.00 | ❌ 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
