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$SOL – Bearish Pressure Building on Market Cap Chart 📉
The Solana (
$SOL ) market cap is showing clear weakness after failing to hold the 50.6B resistance zone. The chart structure indicates a strong rejection followed by continuous lower highs and selling pressure.
📊 Technical View:
• Market cap rejected near 50.6B resistance
• Strong bearish candle confirmed downside momentum
• Price now consolidating near 49.7B support zone
• Indicators leaning toward SELL bias
💰 Trading Plan – SHORT
$SOL 📍 Entry Zone: 49.8B – 50.1B
🛑 Stop Loss: 50.7B
🎯 Take Profit Targets:
TP1: 49.3B
TP2: 48.8B
TP3: 48.2B
📉 Why This Setup Works:
After a strong push upward, the market faced heavy rejection at the resistance area and sellers quickly took control. The sharp drop followed by weak consolidation suggests this move is likely a continuation of the bearish momentum rather than a reversal. If the market fails to reclaim the 50B level, further downside expansion is very possible.
⚠️ Always manage risk and wait for confirmation before entering the trade.
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