$SLX (Solstice) has gone through a massive correction after its explosive rally to 0.468. The 4H chart now shows price trading near 0.177, with sellers dominating the market.
📉 Technical Analysis:
• Price has retraced more than 60% from its recent peak.
• RSI around 9.5 signals extremely oversold conditions.
• Volume has declined during the drop, suggesting selling pressure may be losing strength.
• Current price is approaching a critical support zone.
🎯 Important Levels:
• Support: 0.170 – 0.175
• Resistance: 0.200
• Major Resistance: 0.260 – 0.330
Despite the bearish trend, such an oversold RSI often precedes a short-term relief bounce. Traders should watch for increased volume and bullish candles before considering a reversal scenario. Risk management remains essential while volatility stays elevated.