Massive Crash! SOL Oversold, Rebound Opportunity Emerges - In-Depth Bottom Fishing Signal Analysis!

Solana ($SOL) has recently plunged to $127.33, hovering near the lower Bollinger Band at $122.10, with an RSI(14) of just 22.64, indicating a severe oversold condition and strong demand for a short-term rebound. However, the medium-to-long-term trend remains under pressure from the MA200 at $144.49, as market sentiment stays bearish.

Technical Analysis:

Price Status: The current price is below the average holding cost of $142.24, leaving most holders at a loss.

Key Levels:
Support: $122.10 (lower Bollinger Band)
Resistance: $138.74 (upper boundary of the dense trading zone)
This analysis suggests that while there might be a short-term recovery, the medium-term trend will largely depend on whether the price can break through resistance at $138.74.