$SOL Breakdown Alert: Is $132 the next stop? ๐
Solana has officially broken below its critical 61.8% Fibonacci retracement level, a major technical breakdown confirmed by increasing volume and a "Strong Sell" signal on the RSI (Source: MACD is positive, suggesting potential stabilization, but bearish momentum is currently dominant).
Key Levels from the Daily Chart:
Failed Support: $141 (The 61.8% Fib level)
Bear Target (T1): $132.83 (The 78.6% Fib levelโthe last line of defense)
Invalidation: A quick re-claim and close above $141.
The Question: Did the market-wide selloff just give us the confirmation needed for a deeper drop, or is this a massive liquidity grab before a swift reversal? Drop your target below!
SOL
133.83
-1.43%
