📉 $SOL Technical Analysis (4H Chart)
Last Price: $174.06
24h High / Low: $182.48 / $170.00
24h Change: -3.83%
Volume (USDT): 3.97B
📌 Overview:
SOL is in a clear short-term downtrend.
Price has dropped sharply from $195.32 to $174, reaching a low of $170.
Last candle is a large red bar, breaking below all EMA lines and showing bearish momentum.
📉 Volume:
The last candle shows a significant spike in volume, suggesting:
Panic selling or a stop loss cascade / long liquidation event
🔄 Potential Scenarios:
Bounce Scenario:
If $170 holds, a short-term relief bounce could retest $179–182 (EMA zone resistance).
Continuation Scenario:
A clean break below $170 with volume could accelerate losses toward the mid-$160s.
