🩸 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 ??

#solanAnalysis