$SOL
— Market Outlook & Key Levels 🔍
Current SOLUSDT price action shows sustained bearish pressure, with momentum indicators aligning on the downside. Short-term structure remains weak as price hovers near the $131 zone.
Key Levels to Watch:
• Observation Zone: $131.20 – $132.50
• Invalidation Level: Above $135.00 suggests weakening bearish pressure
• Potential Downside Targets: $128.50 and $126.00 if bearish momentum continues
Technical Notes:
• RSI(6): Currently near oversold territory around 39, showing weakness with room for further downside movement.
• MACD: Deep below the zero line, reflecting strong ongoing bearish momentum.
• Market Outlook: If SOL fails to maintain the $131 support area, price may revisit the $127.55 region. A confirmed breakdown below that zone could open the path toward the $124 range.
As always, market conditions can change quickly — stay disciplined, monitor key levels, and manage your strategy with care.
— Nabiha Noor
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