$SOL is trading around 130.69, down approximately 1.42% for the session. The price is gradually declining after failing to hold recent bounces, with momentum cooling after an early rally.
Key Price Dynamics
• Strong move from a low price of 123.11 to a peak around 146.91
• The price faced a strong rebound from the upper resistance zone
• Current momentum indicates that SOL is returning to range support
Why the Move Happened
• Profit-taking began aggressively near the supply zone of 145–147
• Buyers failed to maintain strength above the 135–138 region
• Volume decreased during the attempts to bounce, signaling weak continuation
Trend and Structure
• Overall trend: neutral to slightly bearish on the 4-hour timeframe
• Market structure: within a range forming lower highs
• Bearish structure weakens if the price continues to stay below key MAs
Key Levels to Watch
Support
• 130.00 immediate psychological support
• 127.00 – 125.00 main demand zone and previous base
Resistance
• 132.50 – 134.00 first resistance zone
• 137.50 – 138.50 key resistance
• 146.90 major supply and recent high. $SOL
