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The previous price rebound seemed strong, but in reality, the upward momentum has been continuously shrinking. High points are frequently and quickly pushed back down, and signs of fatigue have long appeared at high levels — this essentially indicates that the bullish force is exhausted, and the real funds have already been withdrawing while pushing prices up.
More importantly, the price has repeatedly tested critical support levels but has consistently failed to hold them. The bottom structure is continuously being damaged, and the bulls, who originally held onto the fantasy of rising prices, are beginning to waver.
Once the support level is completely broken, the concentrated stop-loss orders from previous high buyers will trigger, and the selling pressure will instantly amplify, causing the market to accelerate its decline into the lower space. #sol
{spot}(SOLUSDT)
More importantly, the price has repeatedly tested critical support levels but has consistently failed to hold them. The bottom structure is continuously being damaged, and the bulls, who originally held onto the fantasy of rising prices, are beginning to waver.
Once the support level is completely broken, the concentrated stop-loss orders from previous high buyers will trigger, and the selling pressure will instantly amplify, causing the market to accelerate its decline into the lower space. #sol
{spot}(SOLUSDT)
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SOL
84.31
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