$SOL is currently hovering around a price, pressed below the strong resistance levels of $154 and $165.
Today's candlestick: classic doji - the market is hesitant, brewing significant volatility.
Technical signals: bearish channel on the 4-hour chart, sellers still control the situation. Bulls barely hold the critical support line at $144, but it may be of little help.
Potential direction: the pattern shows heavy pressure, current signs lean more towards a decline rather than an increase. If support is lost, the price may drop to the $115-118 support area (weekly level).
Key price levels: $144 is the last line of defense for bulls, if $142 breaks, it may trigger panic selling.
Summary: Current price is trapped in a neutral zone, but technical signals suggest a higher likelihood of a bearish breakout, unless bulls can turn the situation around (which is unlikely).
Momentum trigger conditions: a strong daily close above $165 is needed, otherwise it will enter a bear market dominance.
