Technical indicators signal a strong sell for $SOL based on recent moving-averages and momentum.
Price recently broke below a key support level around $165, showing fragility in the up-trend.
On the flip side: chart patterns hint at a potential breakout if the price can escape downward pressure a โfalling wedgeโ formation could target $200) if triggered.
๐ฏ Key levels
Support: ~$162-$165 zone is critical now. If broken, next down-targets could be ~$144 or lower.
Resistance: Around ~170โ175 is the main barrier to any meaningful rebound.
โ Bottom line
SOLโs fundamentals remain decent (strong ecosystem, large market cap), but technically the coin is under pressure. If youโre trading short-term: wait for a clear signal (either support holds or breakout happens). If investing long-term: this could be a watch-zone, but patience and risk-management are key.
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