Yesterday we launched the alert: "Watch the level of $122.50". Today, the market has spoken decisively. The key support did not hold and the bullish structure has been invalidated.
Analysis of the Collapse (4H Chart):
🛑 Violent Break: The price pierced the last visible support at $122.56 and has fallen to the current $118.40.
📉 Bearish Trend: We are in free fall, very far from the EMA 20 (Yellow Line) which is now at $125.99 and acts as a distant resistance.
⚠️ Falling Knife: The RSI at 33.80 is approaching oversold, but still shows no sign of a turnaround. Trying to buy here is extremely risky until the price finds a stable floor.
Conclusion:
The hope of the "Double Bottom" has died. Now we are in price discovery downward.
👇 Are you one of the brave who buy this drop in SOL or are you waiting for lower?
#solana $SOL #altcoins #CryptoCrash #TechnicalAnalysis #BinanceSquare
🇬🇧 English Summary:
SOL Support Broken. The critical support at $122.50 warned about yesterday has collapsed. SOL is trading violently down at $118.40. The trend is heavily bearish, far below the 20 EMA. RSI is near oversold (33.80) but shows no reversal sign yet. The bullish structure is invalidated.
⚠️ Disclaimer: This content is for educational and informational purposes only. It does not constitute financial advice. Do your own research (DYOR).
