$SOL just showed a very emotional move on the 15m chart and the candles explain everything.

Price was holding strong near 118.50 to 119.00. Buyers were comfortable there and every dip was getting bought. It looked stable and controlled.

Then momentum slowly started to change.

You can see lower highs forming. Small red candles started to appear after every bounce. That is the first sign that buyers are losing strength and sellers are stepping in quietly.

The real breakdown happened when $SOL lost the 117.00 area.

After that, the drop became aggressive.

One long red candle pushed price straight down toward 115.00 without any real pause. That kind of candle shows fast selling and possible liquidations. Right after that, price touched 114.29 which is the current intraday low.

The small candles near 114.50 show a weak attempt to bounce, but the reaction is slow compared to the fall. That means sellers are still in control for now.

Important levels to watch now:

114.20 to 114.50 is a short term reaction zone. If this level fails, SOL can look for lower liquidity areas.

116.00 to 117.00 has now turned into a strong resistance zone. Any bounce into this region can face selling pressure.

For strength to return, $SOL needs to reclaim 117 quickly. Without that, this looks like continuation pressure after a distribution phase near the highs.

Right now the chart is not showing panic buying. It is showing controlled selling. And that usually continues until buyers step in with real force.