SOL Update 🚨

SOL has dropped from $290s to $160s, nearly -45%, as selling pressure intensified. Price is at a key support zone ($163-$170), a historical reaction level.

🔹 Technical Breakdown:

• 1D Chart: SOL is near the lower Bollinger Band, signaling volatility. RSI is oversold, hinting at a possible local bottom.

• 4H Chart: RSI is heavily oversold, but volume remains weak, meaning any recovery needs confirmation.

• 1H & 15M Charts: A bounce attempt is struggling at $175—short-term indicators suggest accumulation, but sellers remain active.

🔹 Key Insights:

• $163-$170 is a major liquidity zone—this level will determine the next move.

• If buyers step in, expect a recovery toward $180-$200.

• Failure to hold $160 could open the door to $140-$150.

💹 On-Chain & Market Sentiment:

• BTC.D remains stable, meaning altcoin moves are more coin-specific.

• USDT.D is rising, signaling cautious sentiment—breakouts need stronger confirmation.

• TOTAL3 is pulling back, showing altcoins like SOL are struggling to regain strength.

⚡ What’s Next?

• Bullish: Holding $163-$170 and reclaiming $180+ could push SOL toward $200-$220.

• Bearish: Losing $160 could lead to $140-$150 before a major reaction.

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Cheers, and Stay Safe!

📖 El Shaddai: (Hebrew: אֵל שַׁדַּי) – ‘God Almighty, the All-Sufficient One.’ His grace sustains. $SOL