$SOL is emitting a distinctly weak signal and is likely preparing to enter a strong decline.
On the chart, the price structure shows lower highs, weak retracement, and upward movements are quickly being sold off. Bearish momentum is dominant as buyers no longer have enough strength to defend key support zones. If SOL decisively breaks the current support level, selling pressure may quickly increase, opening up a deeper decline in the short term.
In this context, the risk is tilted towards the downside. Traders should be cautious, avoiding FOMO to catch a bottom too early and wait for clearer stabilization signals before considering new positions.
SOL
123.46
-4.14%