📊 Technical Analysis – SOL/USDT (4H)
@Solana Official #MarketCorrection #solana $SOL
🔻 Trend: Bearish in the short/medium term
SOL lost strength after a strong rejection in the region of US$128, starting a sequence of lower highs and lows. The current price (~US$105) remains below the MA(7), MA(25), and MA(99), reinforcing the negative bias. 📉
📉 Moving Averages:
• MA(7) < MA(25) < MA(99) ➝ classic alignment of decline.
• Any pullback tends to find resistance at the short averages (≈ US$111–116).
📊 RSI:
• RSI(6/12/24) between 27–31 ➝ oversold ⚠️
• Indicates a possible technical bounce, but still without confirmation of reversal.
📦 Volume:
• Volume peak at the bottom at US$96.40 suggests defensive entry (absorption).
• However, the continuation volume is still moderate, urging caution.
🧱 Supports and Resistances:
• Key support: US$96–100 🛡️
• Resistances: US$111, US$119, and US$128 🚧
🎯 Scenarios:
• 🔄 Short term: Possible technical bounce up to US$111–116.
• ❌ Loss of US$96: Increases risk of continued decline.
• ✅ Confirmation of reversal: Only above US$119 with volume.
⚠️ Summary: Market weakened; timely only for scalp/bounce. For swing/position, wait for a clear reversal structure.
