๐ $SOL /USDT Market Update โ 4H Chart
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๐ฐ Current Price:ย $76.64
๐ Market Context:
Solana is trading near the lower end of a descending channel, with the RSI showing oversold conditions atย 28.91. The price is currently testing a key demand zone after a sustained downtrend.
๐ Major Resistance Levels:
๐ด $80.00 โ Immediate resistance / psychological level
๐ด $84.00 โ Former support now resistance
๐ด $88.00 โ Mid-channel resistance
๐ด $92.00 โ Key level for trend reversal
๐ด $96.00 โ Upper channel boundary
๐ Major Support Levels:
๐ข $76.50 โ Current support being tested
๐ข $72.00 โ Next major demand zone
๐ข $68.00 โ Strong historical support
๐ Indicator Insight:
RSI is deep in oversold territory, indicating that bearish momentum may be slowing. However, no reversal signal has been confirmed yet.
Trade $SOL Here
