SOL/USDT – 1H Chart Update
Solana is currently trading around $126.7 after facing a strong rejection from $130.14. Price has slipped below key moving averages (MA 7, MA 25, MA 99), indicating increasing short-term selling pressure.
🔎 Technical View
• Rejection near $130 signals strong resistance
• Trading below moving averages = bearish momentum
• Buyers need to reclaim $128–129 to regain strength
📉 Key Levels
• Support: $126.0 – $124.8
• Resistance: $128.5 – $130.0
⚠️ If $126 fails to hold, a deeper pullback toward $124–125 is possible.
📈 A break above $130 could shift momentum bullish again.
Trade smart. Risk management is key.
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SOL
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