$SOLV /USDT TECHNICAL ANALYSIS: BEARISH PRESSURE PERSISTS BELOW KEY RESISTANCE ZONE
$SOLV /USDT pair is currently trading at 0.04284, reflecting a -1.65% drop, and showing signs of continued bearish momentum. Price action reveals a consistent downward trajectory, with a recent lower high at 0.04440 and a steady slide toward the current low.
Key Technical Observations:
Support Levels: Immediate support lies at 0.04260 and 0.04240, with further downside possible toward 0.04200 if selling pressure continues.
Resistance Levels: Upside is capped around 0.04400ā0.04440, which has repeatedly rejected price advances.
Volume Analysis: Decreasing volume near lower levels indicates weak buyer interest and potential for further breakdown.
Trend Structure: Lower highs and lower lows suggest a short-term bearish trend is intact.
Outlook:
Unless SOLV reclaims the 0.04400 level with strong volume, the bearish bias remains. A break below 0.04240 could open the path toward deeper correction zones. Caution is advised for long positions until a clear reversal pattern forms.
š Bias: Bearish
š Next Levels to Watch: Support ā 0.04240 | Resistance ā 0.04400
ā³ Short-Term View: Sell on rallies near resistance