#GateSquareAprilPostingChallenge SOL attempted to push higher, reaching $87.67 but faced sharp rejection, dropping to a low of $82.65. The current price is around $82.81, reflecting continued weakness and confirming sellers are in control.


 
Down 40% in 90 days, every bounce shows less strength—this fits the “dead cat bounce” or relief rally narrative, not a true reversal.
 
Short bias remains valid: Entry zone $85.85–$86.20, stop loss at $87.20. Targets: $84.00, $82.00, $79.50.
 
No breakout above $87 means the bearish trend persists. Momentum increases below $84, so watch for acceleration if that level breaks.
 
Rejections are sharper, lower highs are forming—trend is still bearish.
 
This isn’t a reversal, it’s distribution. Play it smart: short the weakness, not the bottom, and ride the downside.
 
$$SOL ‌is showing classic signs of a relief rally, not a reversal. Sellers dominate, and the price action supports a short bias. Stay cautious and follow your game plan.
SOL-2.75%
post-image
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
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
HighAmbition
· 7h ago
thnxx for the update
Reply0
  • Pin