$SOL /USDT ‌

Current price is showing active movement, trading around $126.9, with a slight negative change in the last 24 hours. After the recent rejection from the $128.5 area and a sharp pullback, the chart is no longer showing strength. Instead, we’re seeing hesitation and lower highs forming.

On the 1H timeframe, multiple bearish candles are clearly visible. Price tried to recover but failed to hold above key resistance zones, which often signals that sellers are still in control. Momentum looks weak, and buyers are not stepping in with convincing volume. If it becomes worse, panic selling can easily accelerate.

The $126.0 zone was tested recently and acted as temporary support. Price bounced, but the reaction was not strong enough. This suggests the bounce may just be a relief move before another leg down.

Trade Setup (Bearish Bias)

• Entry Zone: 127.2 – 127.8
• Target 1 🎯: 125.5
• Target 2 🎯: 124.0
• Target 3 🎯: 122.2
• Stop Loss: 129.2

If $126 support breaks with strong volume, we’re likely to see a fast drop toward the lower liquidity zones. That’s where fear kicks in, especially for late long positions. However, if buyers defend this area aggressively and reclaim $128.5, the bearish outlook weakens and price could shift back into consolidation.

Right now, the structure favors caution. We’re seeing distribution behavior, not accumulation. Until clear strength returns, the risk of a deeper correction remains high.
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