SOL/USDT Analysis: Downtrend Pauses, But Watch This Level
After a sharp drop from the $150+ zone, SOL is currently in a consolidation phase around **$127–$130**. The price is struggling to reclaim higher levels, and key indicators suggest this may be a pause before another move down.
Key Observations:
· Downtrend Structure: Lower highs and lower lows remain intact.
· Consolidation Zone: Price is moving sideways between $124.76 (24h low) and $130.10 (24h high).
· Supertrend Signal: The Supertrend (10,3) is still above the price, confirming the bearish bias.
· Volume: Declining volume during consolidation suggests weakening momentum, but not necessarily reversal.
What’s Next?
If SOL fails to break and hold above
$130, a breakdown below $124.76 could trigger the next leg down. Targets could extend toward $120 and possibly lower if selling pressure resumes.
Levels to Watch:
· Resistance: $130.10 → $133
· Support: $124.76 → $120
· Breakdown confirmation: Close below $124.50
Stay cautious. If you're trading, keep stops tight and watch for a clear break of this consolidation. The trend is still down until proven otherwise.
---
#Solana #USNonFarmPayrollReport
