$SOL Short Setup (M15) 📉
A potential bearish move is developing on $SOL, and current structure is favoring downside continuation.
Entry Zone: 85 – 89
Stop Loss: 92
Targets:
🎯 TP1: 83
🎯 TP2: 81
🎯 TP3: 78+
The weakness is also supported by declining on-chain activity. Solana’s DEX trading volume has dropped significantly to $55.5B, marking its lowest level since September 2024. Network fees are also down by 42%, which reflects slowing ecosystem momentum and reduced trading interest.
This cooling network activity could put additional pressure on price action and strengthen the short-side setup.
Trade $SOL from here 👇
BTC
77,132.69
+2.92%
SOL
88.91
+0.09%