🚨 $SOL / USDT Update — Sharp Sell‑Off & Consolidation Looming! 📉🔥

Solana just saw a fresh leg down, with price dipping sharply and now stabilizing near the ~$122 area after sellers overwhelmed recent highs. After such an aggressive move, the market typically pauses into a consolidation phase before the next clear direction reveals itself. That’s exactly where SOL finds itself right now.

Current Price Action

• SOL ~122.6 USDT after a notable drop.

• Bears hit hard, but price hasn’t collapsed — instead it’s finding temporary support around the 122.0–121.5 range.

• Resistance sits overhead around 124.5–126.5, a zone that has capped upside in recent sessions.

Market View

🔥 Strong bearish impulse just completed — the recent drop shows sellers pushing price sharply lower.

🟡 Price now stabilizes — short‑term consolidation likely as bulls and bears battle for control.

📊 Trend remains bearish on lower timeframes until resistance is reclaimed with conviction.

Trade Plan

Long Scenario (only on confirmation):

• Entry: Above 122.5

• Targets: 124.5 → 126.0

• Stop‑loss: Below 121.5

Short Scenario (trend continuation):

• Trigger: Break & hold below 122.0

• Targets: 120.5 → 118.0

• Stop‑loss: Above 123.2

Key Outlook:

Market is in a pause/consolidation phase — bulls need a convincing break above resistance to flip short‑term structure, while a break below support could heat up the downtrend again. Patience and confirmation remain the name of the game! 🚀📊

#SOL #Solana #CryptoUpdate #MarketStructure #ConsolidationWatch

*Not financial advice — trade with discipline!*