#solana $SOL has confirmed a major bearish reversal on the 4-hour chart after breaking down from a large Double Top pattern between $175 and $205. This breakdown below the $175 neckline signals a strong downside trend.
Key Levels to Watch
Resistance: $160–$165 → Bears are defending this zone heavily.
Support: $146–$148 → Needs to hold or the next target becomes $135.
Major Resistance: $190–$195 → Reclaiming this would end the bearish setup.
Bear Target: $135 → If $146 fails, this is the next demand zone.
Scenarios Ahead
🔻 Bearish Continuation:
Rejection at $160–$165 could send SOL back to $146, and a break below that may drop it to $135.
🔼 Bullish Relief:
If bulls push above $165 and hold, SOL might retest $175—but the trend stays bearish until $195 is reclaimed
Summary:
The trend remains downward after losing the $175 neckline. Watch $160–$165 for short setups and $146–$148 as key support.
Disclaimer:
This analysis is for educational purposes only, not financial advice. Always do your own research before investing.