📉 $SOL Testing Support: Is the Bottom In or Are We Going Lower?
Solana is feeling the heat today, currently trading at 76.83 after a sharp rejection from the 81.13 level. Looking at the 4-hour chart, the trend is clearly leaning bearish as we sit below the major EMAs.
Key Technical Takeaways:
EMA Resistance: Price is currently trading well below the EMA(7) at 78.40 and the EMA(25) at 81.36. This suggests that the bears are firmly in control for the moment.
Local Support: We saw a bounce off the 24h low of 75.74. If this level fails to hold, we might see a deeper correction.
Volume Spike: That large red volume candle indicates significant selling pressure, but the current consolidation could be the setup for a relief rally.
The Big Question:
Are you guys "Buying the Dip" here at $76, or are you waiting for a retest of the $70–$72 zone before jumping back in?
👇 Let me know your moves in the comments!
#solana #CryptoAnalys #BinanceSquare $SOL
