🔴 SOL/USDT Under Heavy Selling Pressure ⚡
$SOL is trading around $69.26, down 7.6%, with the 4H chart showing a strong bearish trend. The recent breakdown from the $80-$82 range triggered aggressive selling, pushing price to a new local low near $69.00.
📉 Technical Overview:
🔻 Clear pattern of lower highs and lower lows
🔻 Strong bearish volume during the decline
🔻 RSI near 15, indicating extremely oversold conditions
🔻 Sellers remain in control despite the possibility of a short-term bounce
🎯 Key Levels to Watch:
• Support: $69.00 (current low)
• Next Support: $66.00 - $67.00
• Resistance: $72.20
• Major Resistance: $76.40
⚡ While the trend remains bearish, the extremely oversold RSI suggests a relief bounce could occur at any time. However, bulls need to reclaim $72+ before any meaningful trend reversal can be considered.
Market sentiment remains cautious until strong buying volume returns.