📉
$SOL /USDT Market Update
SOL is currently trading around $69.53 after a strong bearish move. The price has broken below the major moving averages (EMA 20, 50, and 100), showing that sellers are still in control.
🔹 Support Levels ✅ $66.80 (Current key support)
✅ $62.70 (Strong support zone)
✅ $60.00 (Psychological support)
🔹 Resistance Levels 🚧 $80.70 (Nearest resistance)
🚧 $84.50 (EMA 50 resistance)
🚧 $89.80 - $90.00 (Major resistance zone)
🎯 Possible Targets 📌 If SOL holds above $66.80, a bounce toward $80.70 is possible.
📌 Breaking above $80.70 could open the way to $84.50 and $90.00.
📌 If $66.80 breaks, the next downside targets are $62.70 and $60.00.
📊 RSI is near oversold levels, which means a short-term relief bounce can happen, but the overall trend remains bearish until key resistance levels are reclaimed.
⚠️ This is not financial advice. Always use proper risk management and do your own research.
#solana #SOLUSDT #Crypto #Binance #Trading #SupportResistance
#CryptoAnalysis