$SOL /USDT 4-Hour Chart Analysis
The SOL/USDT pair is currently trading at $150.76, reflecting a -0.36% drop in the last 24 hours. The 4-hour chart shows a bearish trend, with a significant downtrend from a recent high of $151.61 to a low of $147.88. Red candlesticks dominate, indicating strong selling pressure.
Key observations:
Price action suggests a potential support level around $147-$148, with a slight recovery attempt visible.
Volume has decreased recently, hinting at weakening momentum in the downtrend.
Over the past 7 days, SOL is down -3.64%, with longer-term losses of -6.41% (1 year).
Watch for a break above $151.61 for a bullish reversal or a drop below $147 for further downside.
