📈 $SOL SOL /USDT: Trading on a Knife-Edge! 🚨
Solana has pulled back to $126, a level that has historically acted as a "Launchpad" for the bulls. The market is currently compressed, waiting for a directional breakout.
◾ Current Price: $126.50
◾ Key Support: $122.00 – $125.00 (Must hold zone)
◾ Major Resistance: $130.00 & $133.00
♦️ Stop Loss: $119.50 (4H Candle Close)
🎯 Targets:
1️⃣ $132.50 (Immediate Relief)
2️⃣ $138.00 (20-day EMA Retest)
3️⃣ $150.00+ (Major Recovery Confirmation) 🚀
💡 Quick Insight:
SOL is currently trapped in a Descending Wedge on the 4-hour chart. The RSI is neutral (~44), meaning there is no immediate "overbought" risk. If the $125 support holds, we could see a "V-shape" recovery toward $145 by the end of the month. However, a break below $120 would be a major warning sign for a drop toward $110.
💬 Are you "Buying the Dip" at $126 or waiting for $110? Let’s talk! 👇
#sol #solana #write2earn🌐💹 #ETHMarketWatch #SolanaStrong
