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Market Direction

SOL Market Direction

Published: May 9, 2025
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Cryptonary’s Take

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  • Next Support: $167.40
  • Next Resistance: $176.00
  • Direction: Bearish 
  • Upside Target: $180.00
  • Downside Target: $157.00
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SOL is trading in extremely overbought territory and the risk-reward now favors a move lower. Momentum appears to be stalling beneath resistance at $176, and unless bulls reclaim control quickly, we expect a retrace toward $167.40 and potentially as low as $157 over the coming days. The structure leans bearish for now — patience is key before considering any fresh longs

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