🔴 $SOL Just Broke A Level It Held For Months
Solana dropped over 11% in three days and smashed through the $76.6 support that had been holding strong for a long time.
This is not a small move. This is a structural breakdown.
📊 What The Chart Is Saying
📉 Double top confirmed
📉 MACD turning bearish
📉 RSI oversold
📉 Liquidations piling on fast
Every technical signal is pointing the same direction right now.
💡 Yes The Fundamentals Are Strong
Mastercard just picked Solana for regulated settlement. On chain stablecoin activity remains healthy. The long term story is genuinely solid.
But here is the hard truth —
Fundamentals do not catch falling knives.
The chart is in charge right now. Not the narrative.
📌 The Only Level That Matters
Until bulls reclaim and hold $76.6 — the path of least resistance stays down.
Watch that level on every bounce. If it flips from support to resistance — bears remain fully in control.
Short term outlook stays bearish. Trade the chart not the story. 👇
Not financial advice. DYOR.
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