🧊 SOL/USDT Cooling Off – Reversal Incoming or More Downside?

📊 1H Technical & Fundamental Overview

🧠 Fundamental Context:

🏛️ Solana remains a key player in DeFi and memecoin ecosystems.

📉 Despite overall market strength, SOL is underperforming after failing to hold above $150.

📊 24h volume: 18.32M SOL / $2.75B USDT – showing high activity but with a bearish bias.

No major Solana-specific headlines – price action driven by broader market sentiment.

📉 Technical Analysis (1H):

Current Price: $148.84 (–1.77%)

Key Levels:

🔻 Support: $146.65 → $144.67

🔼 Resistance: $149.21 (minor), $151.78 (short-term breakout level), $154.34

RSI:

Currently at 45.07 – neutral to slightly bearish, showing consolidation after dip.

Price Action:

SOL bounced from $147.6 and is struggling to break above $149.2

Still in a lower high structure with visible pressure from sellers.

No clear breakout yet – forming a possible bear flag or tight range.

🎯 Trade Setup & Probability:

Setup Entry Zone Target Stop Loss Probability

Scalp Long (Reversal Attempt) $147.6 – $148.5 $151.8 $146.4 🟡 50%

Short Continuation $149.2 rejection $146.6 – $144.6 $150.5 🔴 60%

📌 Short-term momentum favors sellers unless SOL closes strongly above $149.2–$150 on volume. Bulls need to reclaim $151.8 for confirmation of upside.

📌 Summary:

Solana (SOL) is in a holding pattern just below key resistance. Without a strong breakout, price risks another pullback toward $146–$144. Traders should wait for breakout confirmation or short rejection plays for high-probability entries.

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