$SOL /USDT – Bearish Rejection Signals Potential Downside Move

$SOL has pushed into a key supply zone near the recent highs and is showing rejection, signaling selling pressure at resistance. Price is currently struggling to hold above the mid-range and short-term moving averages, suggesting momentum may shift downward toward lower demand zones.

Trade Setup

Entry Range: $88.50 – $89.80

Target 1: $84.00

Target 2: $81.50

Target 3: $78.90

Stop Loss (SL): $91.20

Short Outlook of Market:

SOL is reacting bearishly from resistance after a strong bullish impulse. Rejection from the supply zone and failure to sustain higher levels increase the probability of a corrective move. As long as price remains below resistance, further downside toward lower support remains likely.

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