Trading Pair: SOL/USDT
$SOL 📊 Market Snapshot
Current Price: $104.18
24H Change: -11.21%
24H High: $118.85
24H Low: $96.40
24H Trading Volume: $899.28M (USDT)
⚠️ Market Breakdown (4H Timeframe)
Solana has experienced
$BTC a sharp and aggressive sell-off, breaking through multiple critical technical levels.
🔻 Strong rejection from the $128.34 resistance zone
🔻 Large bearish candles indicate panic selling and liquidation pressure
🔻 A long lower wick around $96.40 suggests short-term demand and a possible temporary bounce
This move reflects structural
$SOL weakness, not a random price fluctuation.
📉 Moving Average Analysis
MA(7): 112.00
MA(25): 119.001
MA(99): 128.66
❌ Price is trading below all major moving averages
❌ Market structure remains clearly bearish
🐻 Sellers are firmly in control at this stage
📊 Volume Analysis
🔴 A significant volume spike occurred during the breakdown
💥 Confirms distribution and forced liquidations
⚠️ Volatility remains elevated — expect sharp and unpredictable price swings
🧠 What Does This Mean?
This is not a random dip ❌
It represents a leverage flush combined with trend continuation.
Short-Term Trend: Bearish
Momentum: Weak
Market Sentiment: Fear-driven
🎯 Key Levels to Watch
🟢 Support Zone
$96 – $100
🔴 Resistance Zone
$112 – $120
📌 A strong reclaim above $112 is required for any bullish relief
📌 Failure to hold $96 may expose SOL to further downside
💡 Final Outlook
🧨 Solana is currently in a high-risk, high-volatility environment
🧘 Patience is more important than emotion
🛡️ Proper risk management is essential in these conditions
Markets punish impatience — and reward discipline. 💎
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice.
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