$SOL broke key support on the hourly chart.
Price is currently oscillating around 62.100.
🚨 The EMA moving averages are still pressing down from the high range of 71.000 to 74.347.
Current volume is only 0.75 times the average, indicating weak buying pressure.
There might be a technical pullback in the short term, but don't mistake it for a reversal; it's just a bounce within a bearish structure.
📉 Right now, the most critical level to watch is whether 62.100 can hold.
If that support level breaks, we’ll need to reevaluate the entire bullish thesis.
Assess the risk first, then talk about recovery.
Wait for confirmation, no rush.
⚠️ N.F.A. For reference only.👇️
#BTC #ETH $BTC $ETH
Price is currently oscillating around 62.100.
🚨 The EMA moving averages are still pressing down from the high range of 71.000 to 74.347.
Current volume is only 0.75 times the average, indicating weak buying pressure.
There might be a technical pullback in the short term, but don't mistake it for a reversal; it's just a bounce within a bearish structure.
📉 Right now, the most critical level to watch is whether 62.100 can hold.
If that support level breaks, we’ll need to reevaluate the entire bullish thesis.
Assess the risk first, then talk about recovery.
Wait for confirmation, no rush.
⚠️ N.F.A. For reference only.👇️
#BTC #ETH $BTC $ETH