🚨Is Solana's Dip Your Next Entry Point?

$SOL is currently sitting at $129.08, and if you've been watching the charts, you know it's been a bumpy few weeks. But here's what catches my eye: the technical signals are lining up in a way that often precedes a bounce.

What the Chart Is Telling Us

Look at that RSI (Relative Strength Index) at the bottom of your screen—it's hovering right around 30. Think of RSI as a "pressure gauge" for price movements. When it drops to 30 or below, it typically means sellers have pushed so hard that they're running out of energy. It's like a pendulum swung too far in one direction—it usually swings back.

Notice how the price recently tested $121.63 and bounced? That's significant. It shows there are buyers willing to step in and defend that level. When a price finds support like that, it often marks a temporary floor.

The Bollinger Bands (those orange curved lines) also tell a story. Solana has dropped far below the middle band at $146, and when prices stretch this far from their average, they tend to gradually work their way back—though timing is never guaranteed.

what This Means for You

I won't pretend the trend is bullish right now—it's clearly been downward. But these oversold conditions suggest we might be approaching a bottom. If you've been looking to add SOL at a more attractive price, this zone between $121-$129 could be worth considering.

The key level to watch: $140. If price can reclaim that level with strong volume, it would signal that buyers are regaining control.

Smart investors often build positions gradually when fear is high and indicators look like this. You don't have to go all-in—layering in slowly as the setup develops is often the wiser approach.

What's your take on SOL at these levels? Drop your thoughts below. 👇

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