𝗦𝗼𝗹𝗮𝗻𝗮 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗻𝗮𝗽𝘀𝗵𝗼𝘁! 📉$SOL /USDT is trading at $152.15 on Binance, down 2.95% today with a 24-hour range of $157.97 to $151.90! 📊 The 1-day chart shows a recent 0.73% dip, retreating from mid-May highs near $160, supported by 379.19M USDT and 2.45M SOL in trading volume. 💹 The Volume SMA at 1.011M reflects moderate activity, indicating a consolidation phase amid broader market trends.Technical Insights

The candlestick pattern on the 4-hour chart reveals a series of red candles with long lower wicks, suggesting buyers are stepping in near support levels after a sharp drop from $157.97. Key support is forming around $151.90, aligning with the 24-hour low, while resistance looms at $155—a psychological level tested earlier this week. 💪 The 50-day EMA at $153.50 acts as a near-term resistance, while the 200-day EMA at $148 supports a longer-term uptrend. The Relative Strength Index (RSI) on the 4-hour chart is at 42, indicating neutral momentum with a slight bearish tilt but not yet oversold (below 30), hinting at a potential rebound if buying pressure increases. The MACD shows a bearish crossover, with the histogram trending downward, reflecting continued selling pressure. The Bollinger Bands are widening, with SOL trading near the lower band at $152, suggesting increased volatility and a possible oversold condition if it dips further. A break below $151 could push SOL toward $148, while a move above $155 might target $158, with resistance at $160. 📈Market Sentiment

Solana (SOL), a high-performance layer-1 blockchain known for its speed and low transaction costs, remains a key player in DeFi and NFT markets. Recent sentiment on X reflects concern over the current pullback, with some users pointing to profit-taking after a 7% gain last week, while others highlight Solana’s resilience compared to other altcoins. 📡 On-chain data shows strong fundamentals

#EDGENLiveOnAlpha #BinanceAlphaAlert #MyCOSTrade #CircleIPO #CUDISBinanceTGE