SOLANA TECHNICAL UPDATE

💰 Current Price: $128.23

📉 Daily Change: -2.30%

🔴 Market Structure: Price is trading below EMA(30), showing short-term weakness.

🟢 Support Zone:

➡️ $122.50 – $116.90

This area is critical. A strong reaction here could trigger a short-term bounce.

🔴 Resistance Zone:

➡️ $136 – $148.50

Sellers are likely to step in around this range.

📉 Indicators Insight:

• RSI near 30 → Oversold conditions (bounce possible)

• MACD still bearish → Momentum remains weak

🔮 Outlook:

⚠️ Bearish to Neutral

A short-term bounce is possible, but the overall bias remains bearish unless price reclaims EMA(30).

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