๐Ÿ“ฃ๐Ÿ“ฃHey there, BTC enthusiasts! ๐Ÿš€ Let's take a quick detour and talk about Solana (SOL). It's been a rough week for SOL, with a 10% drop in valuation after failing to break the key resistance at $206 twice. ๐Ÿ˜ฑ Now, the sellers are knocking at the door of the critical support level at $164.

๐Ÿ”‘๐Ÿ”‘Key support: $164

๐Ÿ”‘๐Ÿ”‘Key resistance: $206

The pressure is on! To avoid a lower low, SOL's price must stay above the key support at $164. If it breaks down, the bears might push Solana towards $130 next. ๐Ÿป๐Ÿ“‰

Adding fuel to the fire, the 3-day MACD just made a bearish cross. This is a major signal that momentum is shifting bearish, and Solanaโ€™s uptrend may come to an end. If the support at $164 is lost, this would be confirmed. ๐Ÿšจ๐Ÿ“‰

Current bias on Solana: Bearish ๐Ÿป

In short, SOLโ€™s price action is at a critical junction. There are clear signs that sellers have the upper hand. If they are successful in their offensive, then SOL will likely fall under the key support at $164. Stay tuned, folks! ๐Ÿ“Š๐Ÿ‘€

Remember, we're just observers here, not financial advisors. Always do your own research before making any investment decisions. ๐Ÿง๐Ÿ“š

Stay crypto, stay cool! ๐Ÿš€๐ŸŒ•