$SOL Losing Key EMA Support — Bears Still in Control
Current Price: ~$132–138 (price recently trading below major resistance cluster on 1H/4H) �
Strong downside pressure as SOL struggles beneath key dynamic resistances and EMAs on short‑term charts. Intraday price action shows sellers defending overhead resistance zones, keeping momentum to the downside. �
MEXC +1
MEXC
🎯 SHORT Entry: $140 – $145
TP1: $130
TP2: $120
TP3: $110
Stop Loss: $155
Technical Context:
As long as price remains capped below the $145–$155 EMA / resistance cluster, bearish momentum is expected to continue. The daily/1H structure shows SOL stuck below key moving average levels, with bears controlling short‑term direction. A clean break below near‑term support around $130–$128 would open room for accelerated sell‑offs toward lower demand zones near $120 then $110. �
MEXC
Bearish Price Behavior:
SOL remains under pressure near intraday pivot/range resistance; highs around $140–$145 rejected repeatedly. �
MEXC
Lower band support lies near $124–$126, breach of which could kick off deeper selling. �
MEXC
Bears likely retain edge unless price regains and closes above the $145–$155 zone with volume. �
MEXC
Bullish Invalidations:
Trend bias turns neutral/less bearish only if SOL breaks and holds above $155–$160, reclaiming key EMAs and flipping resistance into support. A sustained move above this could shift momentum and invite short‑covering rallies. �
MEXC
Key Levels to Watch:
📌 Resistance: $145 – $155 (EMA / cluster zone) �
📌 Support: $130 → $120 → $110 �
MEXC
MEXC
Summary:
$SOL chart keeps a bearish tilt as price fails to clear dynamic resistances and remains within the lower half of recent ranges. Shorts look favorable in the current setup while price is below the $145–$155 EMA cluster. Downside momentum could accelerate after breakdowns of critical support. �
MEXC
