$SOL is currently experiencing a strong bearish trend, having broken multiple support levels. If this bearish sentiment persists, we could see SOL testing lower support levels around $121, $110, and even $96. 📊

🔍 Key Indicators to Monitor:

• Exponential Moving Averages (EMA): Short-term EMA(7) below mid-term EMA(25) and long-term EMA(99) indicates continued bearish momentum.

• Relative Strength Index (RSI): While short-term RSI(6) nears overbought, mid-term and long-term RSIs suggest room for further downside before reaching oversold conditions.

• Trading Volumes: High trading volumes in SOL and USDT reflect significant market activity and interest, contributing to volatility.

📅 Actionable Insights:

• Monitor Key Levels: Keep an eye on support levels at $121, $110, and $96. Breaching these could lead to further declines.

• Stay Updated: Regularly check market news and updates within the Solana ecosystem to make informed trading decisions. Key developments or broader market trends can significantly impact price movements.

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