📊 $SOL /USDT 12H Technical Analysis

🔴 $SOL /USDT | 12H Chart Analysis

SOL is currently trading at $81.86, sitting below the Bollinger Band midline (MB: 82.01) a classic bearish bias signal. After rejecting hard from $97.68, price carved a brutal low at $76.70 before staging a weak recovery.

RSI at 41.84 below the neutral 50 zone, confirming sellers still dominate momentum. No oversold bounce fuel left either.

📉 Volume is the biggest red flag current volume at 529K is drastically below both MA(5): 854K and MA(10): 1.07M. Dead volume = weak conviction recovery.

Verdict: We're in a ranging market with a bearish bias. This is NOT a long setup yet. Wait for a confirmed close above $82.01 MB with rising volume before considering longs. Until then stay out or scalp short.

🎯 Key levels: Resistance $85.77 | Support $78.26

DYOR Not Financial Advice 🔍

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