$SOL /USDT Update – 4H Chart #Analysis
Solana ($SOL ) is currently trading at $145.30, right above its 24h low of $145.25 – showing clear weakness near support.
What’s happening?
EMA(7), EMA(25), EMA(99) are all above the current price → bearish trend
MACD is in the red zone (-0.44) → selling pressure remains
Low trading volume → weak buying interest
Why the #dump ?
1. $BTC dominance shifts causing pressure on altcoins
2. Lower highs & lower lows forming a consistent downtrend
3. Profit-taking near $150 resistance
4. No major bullish catalyst at the moment
If SOL breaks below $145, next support is around $144.35 (EMA 99).
What to do now?
Wait for a clear reversal before entering. For long-term holders, this dip might be a good DCA opportunity – but always use proper risk management!
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