🚨$SOL /USDT: Are We Looking at a Bottom Here?

Solana just hit $136.91, down 2.25% in the last 24 hours. But before you panic, the chart is actually telling an interesting story.

What the Numbers Are Showing

We're Testing Key Support
Take a look at that chart—Solana recently bounced off the lower band around $110 (the yellow line at the bottom). When price stretches down to touch this level, it often means the drop has gone too far, too fast. Think of it like a spring that's been compressed—it usually bounces back.

The Momentum Gauge
That RSI indicator at the bottom? It's sitting at 33.36, which is in "oversold" territory (anything under 30-40 typically signals this). What does this mean in plain English? The sellers have been in control, but they're losing energy. When everyone who wanted to sell has already sold, that's often when things turn around.

Volume Is Telling Us Something
Notice how the volume bars (those red and green bars in the middle section) have been cooling off after that big spike? Heavy selling is fading, and the price is stabilizing. This often happens when patient buyers start stepping in at lower prices.

TheTake away

This pullback cleared out a lot of the shaky, borrowed-money positions—which is actually healthy for the market.

With Solana hovering in this $136-$137 zone and technical indicators showing oversold conditions, experienced traders often view these deep dips as potential entry points rather than reasons to run for the exits. 🎯

The $110-$137 range could be forming a solid foundation for the next move.

---

Not financial advice—always DYOR before trading.

$SOL #Solana #CryptoAnalysis #TechnicalAnalysis #CryptoMarketRebounds #SpotETFApprovalUpdates