$SOL Massive Breakdown! What's Next for Solana? 📉
Solana is bleeding heavily today, currently trading around **$89.34** after a massive rejection from the $96 level. Looking at the 4H chart, the bears are completely in control. Here is my technical breakdown:
🔴 The Drop: We just witnessed a massive red candle with a huge spike in volume. This indicates strong selling pressure and panic from the bulls.
📉 Moving Averages: The price is now trading well below the MA5 ($93.6), MA10 ($94.1), and MA30 ($93.8). The MAs are starting to curve downwards, confirming the bearish trend.
📊 MACD In