$SOL is trading around $157.75, just off yesterday’s close ($157.68), showing minor consolidation after dipping to $150.59. The pivot sits at $155.40, with immediate resistance at $160.20 and support down at $152.87.
Technically, SOL is beneath both its 9-day EMA ($164.86) and 21-day EMA ($164.62), signaling sellers’ edge. It’s also near the lower Bollinger Band (~$154.55), suggesting mild oversold conditions. But RSI at 33 and a negative MACD histogram point to continued bearish momentum.
ADX on daily is 41—confirming a strong downtrend. ATR at $8.11 means we can expect $7–$9 swings intraday. Volume (≈93k) remains moderate, so watch for any spike; that will likely precede a meaningful bounce or breakdown.
For bulls: a clean reversal pattern between $154.55–$152.87 on higher volume could be your entry, targeting the pivot ($155.40) and then $160.20. Place stops below $148.07 to respect volatility. For bears: if SOL rallies into $155.40 or $160.20 and then stalls with a bearish candle—look to short toward $148.07 (S2) and $145.54 (S3).
Bottom line: the trend remains bearish until SOL reclaims $160.20 with RSI above 50 and a positive MACD. Otherwise, anticipate further pressure down to $148–$145. Trade small size until you see clear volume confirmation
