📊 SOLUSDT 4H – Testing Support After Prolonged Downtrend


🔹 Price Action
SOL is trading around $151.97, continuing a clear downtrend from its May highs near $188. Price has now returned to a prior demand zone (early May breakout area) and is attempting to stabilize around $150–152, with lower highs and lower lows confirming bearish structure.


🔹 Key Levels
📌 Resistance:
$154.50 – Minor intraday resistance from previous candles
$160.00–$165.00 – Former support turned resistance, confluence zone

📌 Support:
$150.00 – Round number + local structure support
$144.00–$140.00 – Next major demand zone if current support breaks


🔹 Volume & Momentum
📉 Volume remains elevated on red candles, signaling continued sell-side pressure
🧭 RSI is likely approaching oversold on the 4H—short-term bounce may occur
⚠️ No strong bullish divergence yet—momentum still favors bears


💡 Scenarios
Bullish Case: A hold above $150 + bullish engulfing or reversal pattern → bounce toward $154–$160
Bearish Case: Breakdown below $150 → move toward $144 or lower, trend continuation


🧠 What to Watch
• Whether $150 acts as a springboard or fails under pressure
• Reclaim of $154–155 range = short-term recovery potential
• Rising volume + price compression could hint at incoming move


🚀 Takeaway
SOL is under pressure but approaching technical support. A relief bounce is possible, but trend remains bearish unless key levels are reclaimed. Caution advised—set alerts near $150 and $144.

📌 Not financial advice—DYOR and protect your capital with stops.