$SOL Analysis ๐ ๐ ๐ ๐ ๐ ๐
Current Price: $140.25, reflecting a 2.67% decrease over the recent period and a 1.29% drop in the last 4 hours.
Trend: The chart shows a recent downward movement after a peak, with a noticeable decline from a higher range (around $160-$170). This suggests a short-term bearish trend following a period of consolidation or a failed breakout.
Support and Resistance: The current price is near a support level around $140. The next potential support could be around $135-$136 (24h low), while resistance might be near $144-$145 if it recovers.
Volume: Thereโs a spike in volume accompanying the recent price drop, indicating strong selling pressure. This could signal a continuation of the downtrend unless buying interest picks up.
Longer-Term View: Over 7 days, the price is down 3.62%, and over 30 days, itโs down 16.46%, suggesting a broader bearish trend.
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