$SOL is showing weakness today, down more than 3% and currently trading around $62.50.
SOL
72.79
+7.40%
With sellers gaining short-term control, traders are now watching the $60.00 level as the next major area of interest.
🔻 Bearish Scenario:
Continued selling pressure could push price toward $60.00.
A break below key support may accelerate downside momentum.
Profit-taking and broader market weakness could add to the pressure.
📈 Bullish Scenario:
$60.00 could act as a strong support zone and attract buyers.
A successful defense of support may trigger a relief bounce.
Confirmation would come from increased volume and reclaiming nearby resistance levels.
The next few sessions should reveal whether this is the start of a deeper correction or simply a healthy pullback within the broader trend.