$SOL is currently trading around $82.64 on the weekly timeframe and remains under significant bearish pressure. The price is trading below all major moving averages, indicating that sellers still have control of the market.
📉 Technical Overview
Price: $82.64
MA(7): $86.27
MA(25): $98.41
MA(99): $154.72
The fact that SOL is trading below these moving averages suggests that the overall trend remains weak.
🎯 Key Support Levels
Major Support: $80
Next Support Zone: $70–75
🎯 Key Resistance Levels
Immediate Resistance: $86–90
Strong Resistance: $98–100
Major Resistance: $120
📈 Bullish Scenario
If SOL successfully holds above the $80 support and breaks above $90, buyers could target the $100 area, with a potential move toward $120 if momentum strengthens.
📉 Bearish Scenario
A weekly close below $80 could trigger further downside toward the $75 and $70 support zones.
✅ Trend: Bearish to Neutral
⚠️ Key Level to Watch: $80 Support
Conclusion: SOL is at a critical support area. Holding above $80 may lead to a recovery rally, while a breakdown could extend the current downtrend.
#SOL #CryptoAnalysis #Trading #BinanceSquare #CryptoMarket