Been watching SOL and the bearish structure here is pretty clear now. Price rejected at resistance and every bounce attempt keeps failing to stick around. The momentum shifted noticeably to the downside, which is the key signal I'm tracking.



Looking at the current setup, SOL is trading around 82.67 with that +3.42% daily move, but the bearish pressure is building. I see sellers stepping in around the 83-84 zone, which is where I'd be watching for entries if this plays out. Stop would sit above at 86.2 to keep risk defined.

If this bearish rejection holds and the downside continues, I'm targeting the lower liquidity zones around 76.8 first, then 71.5, and potentially down to 66.4 if momentum really kicks in. Distribution pressure is increasing and the price action just doesn't look strong enough to push higher from here. Watching to see if the bearish continuation actually follows through on these levels.
SOL4.65%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin