#CMEsolanaFutures DYINGGGGGGGGG ‼️
#SOL from $295 to $140🫡📉 Massive Crash or Temporary Setback❓From $295 to $125 Is a Rebound to $200 on the Horizon or Is This the End❓
#Solana 's Wild Ride – Crash or Comeback❓
#Solana has taken a brutal hit tumbling from its peak at $295 to $125, leaving traders questioning if this is a temporary shakeout or a deeper downtrend. The latest bounce off $125.55 support signals a possible reversal, but resistance at $140-$146 needs to break for bulls to regain control. If buying pressure holds, a recovery towards $175-$200 is still on the table, but failure to sustain momentum could mean deeper losses. Will
#Solana reclaim its former glory, or is this just another dead cat bounce❓Market Shockwave Sudden Dip or a Golden Buying Opportunity❓The recent plunge is fueled by heavy profit-taking, macroeconomic uncertainties, and liquidation of leveraged positions, shaking the market’s confidence. While some see it as a warning sign, others eye this as a prime accumulation phase will buyers step in for a powerful rebound?
$SOL L/USDT: Is the Pullback Temporary or a Warning Sign?
$SOL is currently trading at $140.40, down 3.07%, after reaching a 24-hour high of $151.25 and bouncing from a low of $138.57. The price has been fluctuating, showing signs of both buying interest and weakness.
Key Levels to Watch
Resistance: $146.99 – A breakout could push the price toward $151.25 and $155.00.
Support: $134.89 – If broken, SOL may slide further to $125.55.
Trade Setup
Long Entry: Above $142.00, targeting $146.99 and $151.25.
Short Entry: Below $138.00, with downside targets at $134.89 and $125.55.
Stop Loss: $139.00 for long trades, $142.50 for short trades.
Market Insights – What’s Next?
MACD: Showing slight recovery but needs confirmation.
Parabolic SAR: Indicates potential early trend reversal.
Volume: Mixed sentiment, traders should wait for clear confirmation.
You needs to reclaim $146.99 to regain bullish momentum. Failure to hold above $138.00 could indicate further downside.