$SOL Technical structure remains weak
According to a recent technical breakdown, SOL is trading below its major moving averages (20, 50, 100, 200-day EMAs), which typically signals a bearish regime is intact.
CoinDCX
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The Cryptonomist
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The price has been forming a pattern of lower highs and lower lows — a classic down-trend structure.
Brave New Coin
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Current support levels (near ~$120–$125) look vulnerable: if those break, there could be accelerated downside.
CoinDCX
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• Market-wide and sentiment headwinds
The broader crypto market has recently experienced a sell-off. As risk-on sentiment recedes, assets like SOL — which depend on speculative demand — often suffer more.
New York Post
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The Cryptonomist
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Trading volume / open interest on futures have dropped, suggesting waning retail/speculative interest in SOL.
FXStreet
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Macro factors — e.g. interest-rate expectations globally — continue to introduce uncertainty, which tends to hit volatile assets like SOL harder.
AInvest
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• Recovery signals are weak / contradictory
Some short-term bounces have been met with selling pressure, illustrating weak conviction among bulls.
CoinDCX
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Bitget
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Even as there is talk of potential rebounds (a “bounce” from oversold), analysts note that for a meaningful recovery, SOL would need to decisively break above key resistance zones — something that hasn’t happened yet.
Bitget
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Brave New Coin
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⚠️ What could trigger further decline — and what to watch out for
If you're considering a short bias, here are the triggers and risk-points:
A break below $120–$125 support zone — that could open the door for a slide toward lower levels (potentially significantly lower).
Broader crypto-market weakness: if major coins fall (or macro sentiment worsens), SOL — as a risk/reward-driven altcoin — could see sharper drops.
Further decrease in trading volume, liquidity, retail involvement — which tends to amplify downwards moves and reduce rebounds.
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