SOL has dropped too harshly this time! The 132 level was breached just like that, and the price is sliding down like a slide, plummeting all the way down to below 130, making people sweat!
To get straight to the point: if the 130 position can't hold, SOL is very likely to plunge all the way down to 120, the bears are currently in strong momentum, so be cautious!
From a technical perspective, both support levels of 130 and 128 have been breached, and the price has been consistently below the 100-hour moving average, indicating that the bears clearly have the advantage in the short term!
On the hourly chart, the descending trend line is as steep as a slide; want a rebound? You need to get past the resistance level of 131 first, if you can't, it's all in vain!
But don't panic too much, let me highlight something for everyone: if the bulls can stabilize around 122 or 120, holding this last line of defense, then SOL could have a short-term rebound at any time, and the opportunity to buy at the bottom could be right here!
Market changes quickly, follow me and you won't get lost! 聊天室, I will continue to track the latest developments of SOL, helping you accurately seize buying and selling points, making money without stepping on landmines!
