SOL/USDT at the Razor's Edge! Critical LevelsSOL / TetherUS PERPETUAL CONTRACTBINANCE:SOLUSDT.PMyTradingJournal6thHey Traders! Solana (SOL/USDT) is at a fascinating, yet precarious, technical juncture. We're seeing a tug-of-war between short-term bearish onslaughts and underlying long-term structures. Let's break down what the charts are telling us for early June 2025. 📉 Current Market Pulse: Short-Term (15M, 1H): Decidedly BEARISH. Sharp declines, broken supports, and high volume on selling candles signal immediate seller control. Price is well below red MA clouds. Mid-Term (4H, Daily): Trend has flipped BEARISH. Multiple ascending trendlines broken after a significant rejection from the $ 185-$ 189 resistance. MA cloud is red and capping rallies. Long-Term (Weekly): The established bull trend is under SEVERE PRESSURE. Price is testing the lower boundary of the long-term green MA cloud. The ~$ 100 level looms large as ultimate macro support. Key Levels You CANNOT Ignore: Immediate Support Zone: ~$ 150 - $ 155 USDT (Currently being tested! This is the old May consolidation top). CRITICAL Support: ~$ 140 USDT (Lower boundary of May's yellow consolidation box. A break here could accelerate downside). ULTIMATE Macro Support: ~$ 100 USDT (THE historical pivot. Acted as major resistance, then powerful support. Vital for the bigger picture). Immediate Resistance: ~$ 157 - $ 158 USDT (Underside of broken short-term trendline, ST MA cloud). MAJOR Resistance / "The Wall": ~$ 185 - $ 189 USDT (Proven supply zone, potential double top formation here). Chart Patterns & Indicator Insights: Potential Double Top: Strong rejection around $185-$189 hints at a significant local top. Broken Trendlines: Multiple bullish trendlines on mid-term charts have snapped – a clear warning. MA Clouds: Red across short/mid-terms acting as resistance. The long-term green cloud is being seriously challenged. Volume: Recent sharp drops on the short-term charts came with convincing volume spikes, validating selling pressure. Potential Scenarios on the Horizon: Bearish Continuation (Higher Probability ST/MT): Trigger: Clean break and close below $ 140 USDT. Path: Likely targets $ 125-$ 130 first. Sustained selling could then push SOL towards the critical $ 100 USDT macro support. A break below $ 100 would be a major bearish signal for the long term. Bullish Reversal (Lower Probability without Strong Catalyst): Trigger: Strong defense of the $ 140-$ 155 USDT zone, ideally forming a bottoming pattern (e.g., double bottom) on significant buying volume. Path: Needs to reclaim ~$ 158, then ~$ 170-$175. The real test would be a break above the formidable $ 185-$ 189 resistance to challenge the bearish narrative. Sideways Grind: Path: Price could get stuck in a range, potentially between ~$ 140 and ~$ 170 USDT, as bulls and bears battle for control. This means market indecision. Key Takeaway: SOL is at a knife's edge. The immediate pressure is downwards. A failure to hold $ 140 could see a swift move to $ 100. Bulls need a heroic stand here and a reclaim of $ 185-$ 189 to turn the tide. Risk management is paramount in this environment! What are your thoughts? Which scenario do you see playing out for SOL? Disclaimer: This is not financial advice. Analysis based on provided information for educational purposes only. Markets are volatile. DYOR.