$SOL is currently in a brutal free-fall, crashing through major support levels like they don’t exist. After peaking at $128.34, the price has collapsed to the $103 zone, marking a massive -10.58% dump. The bulls have completely abandoned the floor, leaving the price dangling near the psychological $100 level. 🥊🔥
🔍 The Quick Analysis:
The chart structure is straight-up ugly. We just witnessed a violent breakdown below the $111 support, and the 4-hour candles are showing zero signs of a reversal. This isn't just a dip; it’s a liquidation hunt. Sellers are dominating every single bounce, turning potential recoveries into "bull traps" to trap late buyers before dumping harder. The momentum is heavily bearish, and the volume confirms that the big players are exiting their positions. 📉⚠️
Real Talks: Stop catching falling knives. The trend is your enemy right now, and $SOL is bleeding out. Until $112 is reclaimed, stay defensive. 🛑🧠
🎯🔮 THE NEXT MOVE 🔮🎯
• The Bearish Bloodbath: If the $100 psychological support cracks, expect a rapid slide toward $95 or even $88. There is a huge liquidity void below $100 that could act as a magnet for a deeper crash. 📉🎯
• The Fakeout Recovery: Any move toward $110-$112 is likely a dead cat bounce. Bulls need a solid daily close above $115 to even think about invalidating this crash. Without that, every pump is for selling. 🚀⚡
• Bottom Line: SOL is on thin ice. Keep your eyes glued to the $100.26 low; if that breaks, the trap is set and the floor is gone. 🛑💀
