SOL/USDT is currently trading at $151.92, down 0.39% over the last 24 hours, indicating a continuation of the short-term correction. The recent high was at $158.80, followed by a sharp decline with multiple red candles showing strong selling pressure. The price has now dropped below both the 7-day ($156.01) and 25-day ($156.02) moving averages, signaling a bearish momentum shift. However, the 99-day MA at $148.99 is nearby and could act as short-term support. The RSI is at 17.33, which is deep in oversold territory, potentially indicating a rebound opportunity if buyers step in. Volume has surged significantly to 175.54 million, suggesting heightened market activity likely tied to panic selling or stop-loss triggers. Over the past year, SOL has still managed a +2.47% gain, though recent performance over 30 and 180 days is in decline. Unless SOL finds support soon, the bearish pressure could intensify. However, the extreme RSI reading may offer a window for a short-term bounce or entry point for risk-tolerant traders.

$SOL

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