$SOL – Struggling at Resistance, Bearish Momentum Building
Trading Plan Short $SOL Entry: 83.50 – 85.50
SL: 88.20
TP: 79.50
TP: 76.70
TP: 73.00
Solana is currently showing signs of weakness as it struggles to reclaim key levels. Looking at the 12h chart, the price is trading below the Supertrend (10,3) red line, which is acting as a strong dynamic resistance near $87.56. Every relief rally is being met with selling pressure, creating a series of lower highs.
The MACD is hovering near the zero line with flat momentum, and the RSI(6) at 50.00 suggests a neutral-to-bearish stance without any strong buying conviction. Furthermore, the Depth Chart shows a significant concentration of "Ask" (sell) orders stacking up above $85, which will make it difficult for bulls to push higher in the short term. Unless $SOL can flip $88 into support, the path of least resistance remains downward toward the $73 - $76 support zone.
Trade $SOL here 👇
