🚦 Technical Alert: SOL/USDT MAs Flash Bearish Signal!
$SOL Attention traders! The SOL/USDT 4-hour chart confirms a bearish trend continuation. The price at $141.47 has dropped below the crucial MA(7) at $141.61, and we have a clear hierarchy of resistance above: MA(25) at $149.22 and the significant MA(99) way up at $164.53.
$SOL These moving averages are acting like an iron ceiling, pushing the price lower. Bulls need to establish a strong base and push through the $149 level to invalidate this downtrend. Until then, the path of least resistance is lower, with $135.76 being the first major support. Trade safe!
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