🔻 SOL has fallen 41% from its January ATH of $295.83, now trading at $171.81. The altcoin has broken below its multi-year ascending channel, signaling a shift in market trends and potential further downside.

🐻 Bears in Control
Since June 2023, SOL moved within a parallel channel, forming higher highs and lows. Now, it has fallen below the lower boundary, confirming a bearish breakdown. The Elder-Ray Index remains negative (-30.4), reflecting strong selling pressure.

📉 SOL Eyes $136 if Weakness Continues
With buying pressure fading, Fibonacci levels suggest a drop to $136.62—or even $120.72 if bulls fail to hold support. A demand surge, however, could trigger a recovery toward $220.58, reclaiming lost momentum.

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