🔥 $SOL /USDT
Support cracked on the 4H chart — is a deeper drop brewing or just a shakeout?
📉 Current Price: $139.89 (−1.70%)
📊 4H Chart Overview:
SOL just broke below $141, which had been acting as mid-range support. This move came with a spike in volume, signaling aggressive selling. Bulls are currently attempting a recovery bounce — but momentum remains weak below all major MAs.
📈 Moving Averages Check:
• MA 20: $145.17 (Bearish crossover from above)
• MA 50: $147.70
• MA 99: $151.19
SOL is clearly trading below all MAs, confirming downward pressure in the mid-term.
⚙️ Market Behavior:
After failing to reclaim $148–150, SOL dropped hard to $135.69. Buyers stepped in at that level, but there’s no confirmation of reversal yet — just a reaction bounce.
🚀 Momentum Snapshot:
• Volume spike suggests exit liquidity
• Rejection at MA cluster above $145
• RSI likely approaching oversold on lower TFs
📍 Key Levels to Watch:
• Resistance: $145.20 → $148.00 → $151.00
• Support: $135.70 → $132.00 → $125.00
🧭 Recommendations:
✅ Bullish Scenario:
If SOL can reclaim $145 and close above it on the 4H, it might retest $148 and then challenge the 99 MA at $151.
❌ Bearish Scenario:
If $135 breaks, expect downside acceleration toward $132 or even $125.
🔄 Consolidation Possibility:
If SOL ranges between $135 and $145 for several candles, we could see a sideways chop — likely awaiting BTC’s next move.
⚠️ DYOR — Technical setups are tools, not guarantees. Use proper stop-loss and size your risk.
Do you think this breakdown is a bear trap or the start of a deeper slide? Drop your take ⬇️