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03 Apr 2026

πŸ“Š SOLANA (SOL/USDT) MARKET UPDATE

🚨 Solana is showing bearish pressure after dropping below the $80 level and trading under key EMAs πŸ“‰

πŸ“‰ Market Overview
β€’ Price below 50/100/200 EMA β†’ strong bearish structure
β€’ RSI at 38 β†’ selling pressure building
β€’ MACD bearish β†’ momentum increasing downside
πŸ‘‰ Despite ETF inflows (~$1M), price action remains weak

πŸ“Œ Key Levels to Watch
πŸ”» Bearish Scenario:
Break below $75.63 β†’ targets $67.50
πŸ“ˆ Bullish Scenario:
Reclaim $89.65 (50 EMA) β†’ relief bounce possible

🧠 Bias:
Bearish until price breaks above key resistance
⚠️ Note: High long liquidations show bulls are being forced out β†’ favors sellers
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