🔍 $SOL / USDT Price Analysis – Signs of a Reversal or Just a Relief Rally?🧐🚨

The 4H chart for $SOL /USDT on Binance shows an interesting setup. After a steep downtrend from around $180 to a local low near $150, Solana has started to show signs of a potential reversal. The price currently sits at $155.95, with a slight intraday gain of +1.19%.

Key highlights:

📉 Downtrend dominance remains visible but seems to be weakening.

📈 Recent bullish candles suggest a short-term bounce or possible bottom formation.

🔁 A higher low and higher high structure might be forming, hinting at early signs of a trend shift.

🟢 Resistance lies near the $160-$164 zone; a breakout above could strengthen bullish momentum.

🔻 On the flip side, if it fails to hold $155, bears may regain control, pushing it back towards $150.

Traders should monitor volume closely and watch for confirmation on the next few candles. A decisive break in either direction could set the tone for early June.

📊 What’s your take – is this a dead cat bounce or the beginning of a bullish comeback for SOL?

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