🚨 $SOL USDT Technical Outlook 📉🔥
SOL is currently trading around the 117 zone after a heavy sell-off from the 148–150 resistance area 🧱. The market structure is clearly bearish 🐻, with continuous lower highs & lower lows ⬇️⬇️, showing strong seller control.
The recent low near 111.7 – 112.0 is acting as a short-term support zone 🛡️, where price showed a small reaction bounce. However, this bounce is still weak ⚠️ and lacks strong buying volume, meaning bulls 🐂 are still not confident.
📊 RSI is in the lower range, showing weak momentum 😴 and possible oversold conditions 🧊, but this does NOT confirm a trend reversal ❌. It may only give a temporary relief bounce 🔄.
🔑 Key Levels to Watch 👀
🟢 Support Zone: 112 – 110 🛡️
🔴 Resistance Zone: 122 – 125 🧱
🚫 Major Resistance: 130+ ⛔
If price fails to hold the 112 support 💥, the next downside targets could be:
⬇️ 108 – 105 zone 🎯 (stronger demand area)
Overall bias remains bearish to neutral 🐻➡️😐 until $SOL reclaims and holds above 122–125 with strong volume 📈.
⚠️ This is a market for patience 🧘♂️, not revenge trading 😡.
❌ Catching bottoms without confirmation = high risk 💣
💡 Capital protection > Profit chasing 💰❌
🧠 Let the market show direction first!
#WhoIsNextFedChair #MarketCorrection #USIranStandoff #VIRBNB #FedHoldsRates $SOL
