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$SOL /USDT – Bearish Pressure or a Reversal in the Making? 🔥
#Solana has been facing some downside pressure, with the price falling to around $105. Let’s dive into the analysis and potential setups!
📊 Market Overview
📍 Current Price: $105.95
📈 24h High: $112.20
❄️ 24h Low: $101.26
📊 24h Volume (SOL): 6.48M SOL
💵 24h Volume (USDT): 689.47M USDT
📉 MACD Momentum:
DIF: -0.80 (Indicating a slight bearish pressure)
DEA: -0.82 (Continuing bearish momentum)
MACD: 0.02 (Neutral, showing indecisiveness)
📈 SOL Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If SOL Holds Above $101):
Entry: Above $107
Targets: $110, $113, $115+
Stop-Loss: $100
🔹 Bearish Scenario (If SOL Drops Below $100):
Entry: Below $100
Targets: $97, $93, $90
Stop-Loss: $105
🔍 Should You Hold or Sell?
✅ If SOL holds above $101, expect potential for a bounce back toward $107 or higher!
✅ MACD is showing weak bullish momentum, but the overall trend seems to be bearish, signaling a possible retracement.
✅ Below $100, a deeper drop to $97 or even $93 could be in play!
💡 Pro Tip:
⚠️ Watch for price action near $107—if it fails to break above, consider a short position.
⚡ If $101 breaks, a move to $97 could be imminent.
📢 What’s your plan—looking for a bounce or shorting the breakdown? Let’s hear your thoughts in the comments!
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$SOL #SOL #Crypto #Binance #Write2Earn