A single bearish candle directly broke through all support levels, and Solana's recent decline has instantly triggered market panic. SOL/USDT has fallen below the key psychological level of $130 and is now hovering around $128.59. Honestly, as someone who has experienced several cycles, it's important to clearly understand the current situation— the next few trading days' direction could significantly impact the expected returns over the coming months.

**How serious is the current situation?**

Just look at the candlestick chart. SOL not only broke through the $130 round number but also sharply crossed the lower band of the Bollinger Bands, forming a typical oversold and accelerated decline pattern. This is not a gentle correction; it's a rather fierce sell-off.

Let's review the key technical levels:
- Latest support: $125 (outer Bollinger Band support)
- Short-term resistance: $132 (former support turned resistance)
- Mid-term pressure zone: $138-$140 (area where multiple moving averages are stacked)

**What do the indicator signals say?**

The MACD shows the following: the fast and slow lines are clearly diverging below the zero axis, and the green energy bars are continuously expanding, indicating that the bearish momentum is still quite strong. The Bollinger Bands are widening, and the price is moving along the lower band, suggesting that the downtrend may not be fully over yet.

Most importantly, the entire moving average system has been breached. In technical analysis, this is often seen as a sign of a weakening medium-term trend. The closing positions of the next few candlesticks will be crucial.

The market is voting with real money, and all we can do is assess the situation clearly and wait for opportunities.