$SOL Market Breakdown – Bears Take the Lead

$SOL is currently experiencing increased selling pressure, with price action slipping below key support levels and momentum favoring the downside.

After a period of sideways consolidation, SOL has broken below its recent support zone around $163.50–$164.50, triggering a potential continuation move toward the next demand zone near $160.00–$159.20. The sharp red candle and weak bid activity suggest that sellers are firmly in control.

Technical Outlook:

Support Levels: $160.00 and $159.20

Resistance Zone: $164.20 – $165.00

Bias: Bearish unless buyers reclaim control above $164

Trader’s Insight:

This breakdown highlights a shift in short-term market sentiment. Traders should monitor how price reacts near the $160 support range—failure to hold could invite deeper corrections. Caution is advised unless clear reversal signs emerge.