$SOL Technical Chart: Key Trends and Levels
Support Zone: A strong support area is identified between $141.82 and $143.46, aligning with previous low points. This level may act as a potential rebound zone if the price continues to drop.
Resistance Zone: Immediate resistance is found between $147.40 and $148.23. A breakout above this range could indicate a shift in short-term momentum.
Moving Averages: The price currently trades below both the 7-day and 25-day moving averages, signaling a bearish short-term trend. Continued movement beneath these lines may suggest further downward pressure.
Volume Analysis: Trading volume has been declining during the recent price pullback, which suggests a waning selling interest. While not strongly bullish, it may indicate a potential pause or consolidation phase.
