$SOL SOL/USDT – Eyeing Key Support Levels Amid Downtrend

Current Price: $192.32 (-6.96%)

24h High: $207.14 | 24h Low: $188.34

24h Volume: SOL: 4.54M | USDT: 900.42M

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Technical Overview:

Exponential Moving Averages (EMAs):

EMA(7): $195.43

EMA(25): $199.59

EMA(99): $207.59

SOL has plunged below all critical EMA levels, signaling bearish dominance in the short to medium term.

Support Zones:

$190.00 (Immediate)

$185.00 (Secondary and crucial)

Resistance Zones:

$195.00 (Near-term hurdle)

$200.00 (Psychological level)

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Trade Setups:

🔴 Bearish Continuation:

Entry: Below $190.00

Target 1: $185.00

Target 2: $180.00

Stop-loss: Above $195.00

🔵 Bullish Rebound:

Entry Zone: $188.00–$190.00

Target 1: $195.00

Target 2: $200.00

Stop-loss: Below $185.00

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Observations:

The break below $190.00 could lead to further sell-offs toward $180.00.

If SOL defends $190.00 and bounces, it could test the resistance at $195.00 and beyond.

Caution is advised due to increased volatility.

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