#solana Looking at the SOL/USDT 30-minute chart, here's a breakdown of the current situation and a short-term outlook:
Observations:
1. Price Action:
Price peaked around $153.99 and has been in a gradual downtrend.
Currently trading at $146.09, near a local support zone (around $145–$146).
2. Volume:
Volume has been declining as price moves down — this often signals weak selling pressure or market indecision.
The sharp volume spike during the drop to $140.32 on April 30 suggests that was a capitulation low, followed by a recovery.
3. Trend & Momentum:
Price seems to be in a range or mild downtrend, but not a strong breakdown.
No clear strong bullish reversal pattern has formed yet.
4. Support & Resistance:
Support: $145.00–$146.00 (current zone)
Resistance: $148.50–$151.50
Prediction (Short-Term):
Since price is declining on low volume, it suggests selling pressure is weakening.
This may indicate a potential bounce or sideways consolidation, especially around the $145 support level.
If volume increases on green candles, a move back to the $148–$150 range is likely.
However, if $145 support breaks with high volume, expect a drop toward $140–$142.