🔥 Panic Selling Pushes SOL to Record Lows
Solana has plunged 40% this month, trading at $141 with extreme volatility. Traders are selling at a pace similar to the 2022 FTX collapse, sparking speculation on whether SOL will recover or fall further.

📊 RSI Signals Possible Rebound
SOL's RSI has dropped 40%, hitting capitulation levels seen during previous crashes. Historically, this signals a potential mean reversion, meaning a price bounce could be on the horizon—if buyers step in.

🔻 SOL Bears in Control – More Downside Ahead?
SOL has formed support at $134, but if bearish momentum persists, a drop to $120 is likely. The Average Directional Index (ADX) and Awesome Oscillator suggest that the downtrend is gaining strength.

🚀 What’s Needed for a Bullish Reversal?
For SOL to rally, it must flip resistance at $177, opening the door for a move past $200. However, with fear dominating the market, a reversal may take time unless greed returns.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.