$SOL Buying Opportunity Coming…

The crypto market, including Solana, is facing selling pressure, closely tied to Bitcoin and Ethereum's performance. Current conditions are not favorable for Solana, especially with historically bearish summer markets and global capital market uncertainty. Solana has fallen below key support at $156-$155, now sitting at a strong $140 support. If the situation worsens, the next target is $125-$120. On the daily chart, Solana is at the 200 EMA, and failing to hold here could be very bearish. I do not recommend buying Solana now and would wait for a bullish breakout. If Solana bounces at $140, I might consider shorting around $160, as there's not enough fundamental strength for a sustained bullish move. Momentum indicators show mixed signals, with a potential short squeeze, but any spike is likely to be short-lived.

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