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🔍 $SOLV /USDT What Your Chart Is Showing
. Price Sitting Right on MA60 (131.60)
Your chart shows:
The price is hugging the MA60
It is not bouncing strongly above it
Momentum candles are small + weak
This usually indicates indecision → weak buyers → sellers still controlling the trend.
The MA60 (131.60) is acting like a soft resistance, not support.
2. Volume Is Dropping
At the bottom:
Recent candles show declining volume
Selling volume (red bars) earlier was much stronger
Buying volume is weak and inconsistent
This supports the idea that any bounce is fragile right now.
When volume is falling while price is near support →
Continuation risk increases.
3. Market Structure: Lower Highs
From the yellow line:
The last spike up failed
Each bounce is getting smaller
Price is compressing downward
This signals bearish momentum still intact.
4. Key Levels Based on This Chart
From your earlier analysis, these match perfectly:
Immediate Support
131.40 → 131.20
If this breaks, next is 130 → 128 (major demand)
Local Resistance
132.20 → 133.00
Real strength only above 136.50
Nothing in the chart right now shows strength returning.
🧠 What This Means (Technical Interpretation Only)
Right now SOL is:
Weak
Sitting on a moving average that it is not reclaiming
Showing shrinking volume
Still in a downward structure
This aligns with your earlier point:
“Sellers are in control, bounces are failing.”
That is exactly what the chart shows.
📌 Educational Guidance (Not Trading Advice)
✔ Watch 131.20
This is the next micro-level. If candles close below it, momentum continues.
✔ If price breaks back above 132.20 with volume, that’s the first sign buyers are waking up.
