🚨 SOL Update: Is a Bigger Correction Coming?
$SOL is currently trading around the $68 level, but according to the chart, the key support zone lies between $60-$68. If this area fails to hold, the next major target could be $50.
📉 My chart analysis:
• The $60-$68 zone is the most important support area right now.
• A breakdown below this range could open the door for a move toward $50.
• If selling pressure continues, SOL could eventually revisit the $30-$35 major support zone.
• A deeper correction before the next major bull run remains a realistic possibility.
⚠️ At the moment, the chart structure looks more bearish than bullish. Until the market confirms a reversal, traders should remain cautious rather than aggressively chasing long positions.
🎯 Key Levels:
• Support Zone: $60-$68
• Next Target: $50
• Major Support: $30-$35
• Resistance: $96
The crypto market is at a critical stage. If buyers fail to defend the $60 support area, a move toward lower levels would not be surprising. The next few weeks could determine whether SOL prepares for another leg down or starts building a foundation for the next bull cycle.
DYOR — This is only my personal chart analysis, not financial advice.
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