$SOL Technical Analysis (4H Timeframe)

1. Price Action

• Current Price: $143.05 (down 2.89%)

• Recent Low: $141.84

• Recent High: $157.00

• Strong bearish candle just broke below recent consolidation, indicating increased selling pressure.

2. Exponential Moving Averages (EMA)

• EMA(7): 146.57

• EMA(25): 147.91

• EMA(99): 142.06

• The price is below the 7 and 25 EMAs (short/medium-term) but just above the 99 EMA (long-term), suggesting short-term bearish momentum but long-term support nearby.

3. MACD (Moving Average Convergence Divergence)

• MACD Line: -0.48

• Signal Line: -0.18

• Histogram: Red and expanding

• Indicates increasing bearish momentum; no crossover signal yet.

4. RSI (Relative Strength Index)

• RSI(6): 30.81

• RSI(12): 37.45

• RSI(24): 44.58

• RSI is nearing or at the oversold zone, suggesting sellers are dominant, but a reversal or short-term bounce may occur soon.

5. Volume

• Recent red candle with high volume = strong sell-off confirmation.

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Summary

• Trend: Bearish in the short term

• Support Zone: Around $142 (EMA-99), followed by psychological support near $140

• Resistance Zone: Around $147.50–$148 (EMA-25 and recent highs)

• Momentum: Bearish (MACD & volume)

• Possible Reversal: RSI nearing oversold, could trigger a short-term bounce

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Conclusion

SOL/USDT is under short-term bearish pressure, and if the $142 level fails to hold, further downside to $138–$140 is possible. However, oversold RSI suggests watching for a potential rebound or consolidation soon.