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$SOL Is Approaching a Critical Inflection Point
Several indicators are aligning, and the next move could define SOL's short-term trend.
Key observations:
• 600,000+ SOL moved to exchanges, increasing potential sell pressure
• A bearish double-top has formed near $68
• The pattern projects a possible downside target around $60.80
• High-leverage longs near $66 have already been flushed
• $65–68 remains the most important support zone
• Bitcoin's recent weakness continues to pressure the broader crypto market
It's important to remember that exchange inflows don't guarantee a selloff. However, when they align with bearish price structure and weakening sentiment, downside risk tends to increase.
The main bullish catalyst is the Alpenglow upgrade. A decisive move back above $70 would invalidate the current bearish setup and shift momentum back toward buyers.
Current outlook
📉 Below $65 favors further downside.
📈 Reclaiming $70 would signal renewed bullish strength.
What's your outlook for SOL over the next few days?
#sol #$Solana #crypto