$SOL /USDT
Solana is trading around 123, holding slightly above its MA60 near 122.3, which indicates short-term stability but not a confirmed trend reversal. Despite minor intraday gains, the broader structure remains weak, as reflected by negative performance over the weekly, monthly, and quarterly timeframes. Volume is declining compared to recent averages, suggesting reduced buying interest. Technically, the market shows a bearish to neutral bias, with price consolidating after a prolonged downtrend and lacking strong bullish momentum.
Trading Levels (Bearish Bias)
Entry Point (Sell): Around 124.5 to 125.5 near resistance
Exit Point (Take Profit): Near 118 to 115 support zone
Stop Loss: Above 127 to control risk
A strong breakout and hold above 126 with volume would invalidate the bearish view and shift momentum toward a bullish recovery.
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