📉 Latest Ultra-Short $SOL Trading Analysis (24-48 Hours)
The short-term outlook for Solana ($SOL ) is cautiously bearish, driven by market-wide liquidations and strong selling pressure that has pushed the price to multi-month lows.
Current Trend: Strong Sell (Confirmed by Moving Averages and MACD). The price has decisively broken below the critical $138–$118 support zone.
Key Support Watch: $125.00 and potentially the macro support zone around $90–$100. Failure to hold the immediate range risks a sharp drop towards the next macro support.
Resistance: The immediate hurdle for any bounce is $133.00. Reclaiming the broken 7-day moving average around $135 is essential to signal a temporary recovery.
Momentum Signal: The RSI (Relative Strength Index) is deep in oversold territory (around 30). While this indicates strong selling dominance, it also suggests the market is "stretched" and due for a relief bounce or short-term reversal if broader crypto conditions stabilize.
Trader Summary:
The market is showing Extreme Fear. Traders are watching for a technical bounce driven by the oversold RSI, but the sustained bearish momentum makes it a high-risk trade. Focus on volume and confirmation before entry.#BTCVolatility #USJobsData #USStocksForecast2026 #IPOWave #US-EUTradeAgreement
