$SOL $SOL
Solana is currently under pressure, but sitting at a zone where the market often reacts sharply either with a relief bounce or continuation of the drop.
#sol is trading around 86.10, showing a short-term bearish move with increasing weakness, as price stays below key EMA levels. RSI near 37 indicates oversold territory approaching, suggesting selling pressure may be slightly stretched.
If price holds the 85.70–86.00 support zone, a recovery toward 87.30–89.50 resistance can develop.
A strong breakout above resistance may restore bullish momentum.
However, if support breaks, price could slide toward the 84.50–83.00 area, where buyers may step in again.
Trend: Bearish to oversold possible bounce zone forming, but no confirmation yet.#CharlesSchwabtoRollOutSpotCryptoTrading #ARKInvestReducedPositionsinCircleandBullish #Write2Earn!