SOLUSDT Faces Bearish Pressure Amid EMA Rejection
Today, SOLUSDT is trading near $160.91, with the trend clearly tilted downwards. Price has encountered resistance around the $164.77 - $166.34 zone, where it has repeatedly failed to break above the EMA lines, signaling bearish dominance.
The rejection from these EMA levels highlights a lack of buying strength, keeping sellers in control. This trend suggests potential further declines, with the next target support level in the $148 - $149.33 range. Should this level hold, it may spark a short-term recovery. However, as long as SOLUSDT remains under the EMAs, the outlook stays bearish.
The rejection from these EMA levels highlights a lack of buying strength, keeping sellers in control. This trend suggests potential further declines, with the next target support level in the $148 - $149.33 range. Should this level hold, it may spark a short-term recovery. However, as long as SOLUSDT remains under the EMAs, the outlook stays bearish.
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/protradecoin123
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/protradecoin123
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.