📉 $SOL Update – How much more could Solana dip?
Solana is under short-term pressure and testing key support levels. RSI is neutral-to-weak, so it’s not oversold yet, leaving room for a further pullback. MACD is bearish, and price is below major EMAs (20‑day & 50‑day), acting as resistance unless reclaimed.
🔎 Support to watch:
• First support: $120–$130
• Next deeper target: $100
• Extended downside if markets worsen: $90–$95
📈 Resistance for recovery: reclaim $135–$140, with a stronger flip above $150 needed to reduce bearish pressure.
🐋 Whale activity: institutional accumulation has been seen historically, but technical selling keeps volatility high.
🧠 Bottom line: short-term bias is neutral-to-bearish. Dips could continue toward $120–$130 first, but stronger support zones may help stabilize price.
