📉 Short-Term Outlook: Continued Bearish Pressure
#solana is heading into the holiday period under sustained technical pressure. The current structure is dominated by sellers, with the price struggling to reclaim key levels.
Bearish Consolidation: $SOL remains capped beneath the $124–$126 zone, which has flipped from former support to heavy overhead resistance.
Momentum Indicators: The RSI is sitting around 43.89, well below the neutral 50 level, indicating that bearish pressure outweighs buying interest. The Negative Directional Movement (-DMI) at 24.24 is significantly higher than the positive +DMI (13.52), confirming that sellers are in control.
Moving Averages: The price is currently trading below its 20-day, 50-day, and 100-day EMAs (all clustered around the $125.50–$125.90 range), reinforcing a short-term downtrend.