🔹 Price Action

SOL has dropped to $118.52, testing a key support zone after failing to hold above $126.18. The current price is $124.61, showing an attempt to stabilize after a sharp decline.

🔹 Support Levels

• $120.00 – A psychological level where buyers might step in.
• $110.00 – Stronger buying interest could emerge if the downtrend continues.

🔹 Resistance Levels

• $126.00 – Immediate resistance where sellers previously rejected upward moves.
• $130.00 – A break above this level could indicate a short-term recovery toward $140.00.

🔹 Volume Analysis

✅ High sell volume near recent lows suggests strong selling pressure.
✅ Decreasing volume may indicate seller exhaustion and potential price stabilization.
✅ A spike in buy volume at support could confirm a relief rally.

💡 Possible Scenarios

✅ Bullish Scenario:

If SOL holds $120.00, we could see a rebound toward $126-$130 in the short term.

❌ Bearish Scenario:

A break below $120.00 could trigger further downside toward $110.00-$105.00.

🔗 How to Trade This Setup?

1️⃣ Watch for candlestick confirmations at support levels.
2️⃣ Check volume trends—if buying pressure increases, a bounce is more likely.
3️⃣ Monitor broader market sentiment (BTC movement, macro news).

🔥 Key Takeaway

SOL is at a crucial support level. A bounce is possible, but a break below $120.00 could lead to further downside. Trade with caution! 🚀

📌 Disclaimer: This is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.