$SOL 📉 SOL/USDT Technical Update – 1H Chart

Solana (SOL) has broken below a key short-term support level at $169, confirming continued bearish momentum.

🔍 Current Snapshot:

Price: $167.13

RSI: 31.02 (approaching oversold)

Volume: Increased during the most recent red candle → strong selling pressure confirmed.

📊 Key Technical Insights:

Price structure continues to print lower highs and lower lows.

No bullish RSI divergence yet – caution on catching a falling knife.

Breaking $169 with rising volume signals further downside likely.

📌 Short-Term Outlook:

🛑 Likely to test the $162–$164 support zone in the next few hours.

If that zone holds and RSI starts to bounce, we may see a short-term reversal opportunity.

🟡 Minor bounce may occur around $165–$166, but bullish conviction is weak unless strong volume steps in.

🎯 Trade Ideas:

Long setup: Wait for price to reach $162–$164 + bullish reversal signal + RSI recovery.

Short setup: Watch for failed bounce at $169 → possible re-entry for continuation down.

Stay patient and trade what the chart says, not what we want it to say.$SOL