Currently, $SOL is in a bearish trend, testing strong support near 175-180. This level could act as a potential rebound zone, so it’s worth keeping an eye on. Look for key reversal patterns such as:
A big green Marubozu candle near support
A Hammer candlestick formation
A Bullish Engulfing pattern
A Morning Star
A Double Bottom pattern near support
The descending triangle pattern hints at bearish pressure, but a breakout above this trend line could signal a reversal.
This is not a buy or sell recommendation, just my analysis. Always do your own research before making any decisions. Stay alert!
