$SOL SOL/USDT Chart Analysis (12h timeframe)

Current Price: $137.00

24h Change: -1.53%

24h High / Low: $141.96 / $135.64

Trend: Bullish exhaustion after strong recovery

Technical Indicators (summary):

Parabolic SAR: Dots remain below the price but are narrowing, suggesting weakening upward momentum.

MACD: Histogram has flattened with bars shrinking, and the MACD line is starting to drift sideways, showing a potential pause or reversal in trend.

MA5 & MA10: Price trades slightly above both moving averages, but the gap is closing, indicating reduced bullish strength.

Volume: Declining volume on recent candles, which could signal waning buyer interest after a sharp uptrend.

Price Action:

#SOL surged from a $95.26 low to reach $141.96, completing a strong multi-candle recovery. However, price has since retraced modestly and is consolidating near the $137 level. Candlesticks are becoming smaller with upper wicks, hinting at buyer exhaustion and possible seller re-entry. The $135–$137 zone now acts as near-term support as the market seeks direction.

Outlook:

Bullish scenario: Holding above $135 with renewed volume could allow SOL to retest the $142 resistance. A breakout beyond that may lead to a challenge of $148. Confirmation would require MACD strength resumption and SAR continuation.

Bearish scenario: Failure to defend the $135 zone could send SOL back toward $128 or even $120. A break below the 10-period MA would confirm short-term trend reversal risk.

Conclusion:

SOL/USDT remains in an overall bullish structure but shows signs of stalling after a rapid climb. Unless momentum indicators regain strength, consolidation or mild pullback may follow. Traders should monitor $135 support and MACD closely to assess whether continuation or reversal is more likely.