$SOL
/USDC Technical Breakdown – Bearish Pressure Mounting
SOL/USDC is currently trading at $144.01, showing a 3.97% decline over the last 24 hours. The 15-minute chart reveals a strong downward momentum, with a clear sequence of lower highs and lower lows.
Key Resistance Level: $146.50
This level acted as a rejection zone during the most recent bullish attempt. After multiple failed breakouts, price sharply reversed, confirming this level as a short-term resistance. Unless bulls can reclaim and consolidate above $146.50, the bearish outlook remains intact.
Volume Surge Confirms Sell-Side Pressure
The increasing red volume bars toward the end of the session suggest a rise in sell-side activity. The volume peaked at 11.88K, adding weight to the downward move.
Outlook:
If the price breaks below $143.97 (24h low), we could see a deeper retracement. A close below this level on higher volume would validate further downside continuation.
Traders should monitor:
$143.97 as immediate support
$146.50 as resistance
Volume behavior around key price levels
Maintain caution and apply risk management as volatility increases.
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