🩸 Solana Downtrend Continues: Will Support Hold? 🩸
Uh oh, #Solana bears are in control! SOL just sliced through a #bearish triangle pattern, signaling a continuation of the downtrend. The price is currently testing a crucial support zone between $125-$130.
Here's a breakdown:
Triangle Breakout: The downside break of the triangle indicates further potential decline.🔽
Support Level: If the price can't hold above $125-$130, we could see a sharper drop.🫨
But a little hope remains...☀️
Support Test: A bounce off this support area could signal a temporary reprieve and potential for a short-term swing trade.
The key takeaway?🤔
$SOL L is at a critical juncture. A break below support could accelerate the downtrend. However, a bounce could indicate a temporary pause or even a reversal.
What's Your opinion on #SOL ??
