$SOL
🚨 MASSIVE Solana Crisis Alert! Did You See This Weekly DROP? 🚨
The $SOL Breakdown is Worse Than You Think (And What Comes Next)
Everyone is talking about the short-term dips, but look at the Weekly Chart I just pulled (See Image). The correction we've been seeing isn't just a minor blip—it's a critical moment for Solana
📉 Technical Analysis: The Pain Zone
Crucial Support Test: The price is now sitting directly on a major, long-term demand zone, historically defined between $119 and $126. Your chart shows the current price at $123.29, right in the heart of this "must-hold" area.
The Big Picture: The price has been rejected from levels near the $147 area and is trading below key moving averages, confirming a short-term bearish momentum.
The Bear Target: If this critical $119-$126 support range fails, the next major technical target for a deeper correction is the green box on the chart, which sits near the $94.36 level. A decisive break below the current zone could expose the $121.7 support, weakening the structure significantly.
The Bull Scenario: To regain bullish momentum, SOL needs to quickly reclaim and hold above the $131-$134 resistance cluster to shift the narrative and prevent further downside.
Why Is This Happening? (It's Not Just the Charts)
Global financial uncertainty and potential high-risk events, like the upcoming Bank of Japan rate decision, are forcing traders to deleverage, putting pressure on all risk assets, including crypto. This is a market-wide phenomenon, not a weakness in the Solana network itself.
📌 Final Verdict & Your Move
This is the most important weekly candle close of the last quarter. Every trader is watching this $119–$126 zone.
If you are BULLISH: This zone is your high-risk, high-reward accumulation opportunity.
If you are BEARISH: A decisive close below $119 validates the next leg down towards the $94 area.
I just shared my analysis—now it's your turn!
Where do you think $SOL is heading next? Drop a comment below and let's discuss this critical level! 👇#BankOfJapan