$SOL has been in freefall lately, losing momentum alongside a drop in DEX activity (-38%) and TVL decline. With key support levels breaking down, the big question is: Is $120 next? 🤔


🔻 Bearish pressure mounts:

- The retest of $180 as resistance led to a sharp -21.45% drop 📉

- RSI is oversold, hinting at a possible short-term support at $135

- Liquidity clusters suggest a visit to $125-$130 before any bounce

- The loss of $151 (78.6% Fib) puts $120 (September low) in play


📊 Key levels to watch:

✅ $143 → Likely short-term target before another dip

✅ $150-$160 → Needs a strong push to break bearish structure

❌ Below $120 → Bears could take full control


⚠️ What’s next?

- If SOL flips $150 into support, we might see some stabilization 📈

- Otherwise, volatility could spike, and traders should manage risk carefully


Is SOL bottoming out, or is more pain ahead? Drop your thoughts in the comments! ⬇️

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February 26, 2025 at 2:17 PM
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