SOL / USD Chart Description (English):
Overall Trend:
The market is in a clear downtrend. Price is making lower highs and lower lows, showing strong bearish momentum.
Timeframe Focus:
The marked area is on the 15-minute timeframe, used to observe short-term price behavior inside the bigger downtrend.
Moving Average (Blue Line):
Price is trading below the moving average, which is acting as dynamic resistance.
The arrow shows a possible pullback toward this MA, but rejection is likely.
Green Zone (Middle Box):
This area was previous support and has now flipped into resistance.
Price retested this zone and was rejected, confirming sellers’ strength.
Purple Zone (Lower Area):
This is a strong demand / support zone.
Price is currently consolidating inside this area with small, choppy candles.
Market Structure:
Short-term descending structure inside a larger downtrend
Buyers are weak; sellers remain in control
Possible Outcomes:
1. Bearish Continuation:
If the purple support zone breaks decisively, price may continue downward to lower levels.
2. Temporary Bounce:
If support holds, a short-term bounce is possible, but price may face selling pressure again at the green resistance zone or the moving average.
Summary:
Trend: Bearish
Bias: Sell on rallies
Key Resistance: Green zone + Moving Average
Key Support: Purple demand zone#BTCVSGOLD $SOL
#BinanceBlockchainWeek #WriteToEarnUpgrade #TrumpTariffs #CPIWatch $