#solana is trading at $120.8, down 3.17% in the last 24 hours, testing a critical support zone.Bearish signals dominate, with the price below key moving averages, a negative MACD, and an RSI of 38 indicating weak momentum.$SOL

Technicals are bearish, with a "death cross" on the daily chart and the price below key EMAs. The critical support zone is $122-$124, with resistance at $128-$132.

A break below the support could lead to further declines toward $117, while a move above resistance is needed for a bullish reversal.

Smart money is bearish, with a whale long/short ratio of 0.35 and top traders showing significant net selling, suggesting expectations of a continued downturn.

Campaign Info

A Spot Trading Competition is currently active on Binance, which includes several trading pairs for SOL, offering a reward pool of 10,000,000 WLFI for participants based on trading volume. 🔗#USGDPUpdate #CPIWatch #