Solana Faces Breakdown Risk, While Bitcoin Eyes $100K Milestone

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.

📊 Track Real-Time Crypto Market Movements:

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