1. Price Action & Trend
· Current price: 130.06, down -3.08 (-2.31%)
· Price is trading below key moving averages (no MAs shown, but downtrend structure visible)
· Lower highs and lower lows visible on the 1-hour chart
2. Support & Resistance
· Strong resistance around 140.00–141.00 (previous support, now broken)
· Immediate resistance near 132.50
· Next support levels: 127.90, then 125.00
· Major support at 120.00
3. Order Book Imbalance
· Sell wall at 130.05 (SELL orders stacked)
· Buy side relatively thin at 130.06 (only 6 orders vs. sell pressure)
· Suggests selling pressure is dominant
4. Chart Structure
· Clear descending channel or downtrend visible from left to right
· Recent breakdown below 137.76 and 135.85 supports
· Volume appears higher on down moves (not shown but typical in downtrends)
5. Targets if Bearish Continuation
· Short-term target: 127.90
· Next target: 125.00
· Break below 125.00 could open path to 120.00
6. Key Level to Watch
· If price breaks below 128.13, bearish momentum likely accelerates.
· A reclaim above 132.50 would be needed to invalidate immediate bearish structure.
Summary:
SOL/USDT is in a short-term bearish trend with selling pressure evident in the order book and price action. A break below 128 could lead to a test of 125. Consider monitoring volume and any reversals at support levels.
