Solana (SOL) Signals Growing Weakness

Key Resistance Rejection:SOL recently failed to break above its 200-day EMA at ~$162, a traditional divider between bullish and bearish trends.

Technical Breakdown:

Ascending trendline (supporting the March–April rally) has been breached.

Selling pressure rising, confirmed by increasing volume.

RSI rolling over from overbought territory, suggesting momentum loss.

Critical Support Zones:

Immediate: $140 and $130.

Deeper: $120 (strong psychological and technical support).

Macro Market Dependence:Solana’s stability now largely hinges on Ethereum and Bitcoin trends. Weakness in broader crypto markets could accelerate SOL’s slide.

Summary:Without a swift reclaim of the $160 area and renewed buying volume, SOL’s rally risks a deeper correction.

Bitcoin Regains Strength, Targets $100K

Technical Breakouts:Bitcoin has broken above its 50-day and 100-day EMAs, flipping these into new support levels.

Liquidity and Volume Dynamics:

Strong buying volume is backing Bitcoin’s surge.

Liquidation heat maps reveal major liquidity pockets around $94,000 and $96,000 — areas that could attract further upward price movement.

Investor Sentiment:Renewed optimism as Bitcoin recovers from recent consolidation, bringing the $100,000 milestone back into focus.

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