solanausdt

📉 Why $SOL Price Dropped – Detailed Breakdown
Solana’s recent drop from the $128–132 resistance zone to ~$96 is not random. It’s a mix of technical rejection, market structure shift, and broader sentiment pressure.
Let’s break it down 👇
🔴 1. Major Resistance Rejection ($128–132)
SOL was rejected hard near $128–132, a key supply zone:
Previous distribution area
EMA(99) resistance on higher timeframes
Strong profit-taking zone for swing traders
Once price failed to hold above this level, sellers took control.
📉 2. Bearish EMA Structure (4H)
On the 4H chart:
EMA(7) < EMA(25) < EMA(99)
Price stayed below EMA(25) during the drop
This confirms:
Short-term momentum turned bearish
Any bounce was corrective, not trend reversal
🧠 3. Liquidity Sweep & Stop Hunt
The sharp move down toward $95.95 looks like:
Long liquidation cascade
Stop-loss hunt below key support
Smart money grabbing liquidity before bounce
This is why we saw a quick rebound, not a slow grind.
📊 4. Volume Spike = Capitulation
Volume increased during the sell-off:
Indicates panic selling + forced liquidations
Often marks local bottoms, not trend bottoms
High red volume followed by stabilization = exhaustion of sellers.
🌍 5. Broader Market Context
SOL didn’t drop alone:
Altcoins weakened overall
BTC dominance pressure
Risk-off sentiment across crypto
When Bitcoin stalls or pulls back, high-beta alts like SOL fall harder.
🔄 Current Situation (Around $104)
Right now SOL is:
Bouncing from liquidity zone
Still below key resistance at $109–116
In a relief rally, not confirmed reversal
📌 Key Levels to Watch
Support: $95 – $100
Resistance: $109 / $116 / $124
Trend flips bullish only if price reclaims EMA(25 & 99) with volume
🧩 Conclusion
The drop was driven by: ✔️ Technical rejection
✔️ EMA bearish structure
✔️ Liquidity sweep & liquidations
✔️ Weak market sentiment
This move looks like a healthy correction after distribution, not the end of Solana — but trend confirmation is still needed before going full bullish.$SOL

Everyone has been waiting for confirmation, but the chart is already telling the story! The market structure has shifted, and the move is underway.
The crucial Liquidity Sweep is now COMPLETE! ✔️ This move has flushed out weak hands and collected the fuel needed for the next leg up.
$SOL LONG SETUP 🎯
This is a high-conviction trade setup based on the recent price action and market structure reclaim:
👉 Entry Zone: $129 – $131
🛑 Stop Loss (SL): $126.5 (Tight risk below the key sweep low)
🎯 Take Profit (TP) Targets:
$137 (First Resistance)
$144 (Mid-Range Expansion)
$152 (Major Resistance Test)
💡 Why This Setup Works:
Liquidity Sweep: Price drove below a key level, triggered stops, and immediately reversed, signaling a potential bullish reversal in line with Smart Money Concepts (SMC).
Market Move: The price action suggests institutions have finished accumulation and are ready to push the price higher.
Don't wait for the headline—the chart has given its signal! Manage your risk accordingly.
$SOL
SOL: 132.39
-0.66%
#SolanaTrade #SMCTrading #LiquiditySweep #SOLANAusdt #CryptoSignals