#SOL $SOL
Possible 4H Support Levels Based Chart:
1. 131-132 USD Zone → This was a previous resistance level, which may now act as support.
2. 124-126 USD Zone → A strong support zone where the market previously bounced.
3. 121-122 USD Zone → The last swing low, from where a major upward move started.
Technical Analysis:
Price is currently in the resistance zone (136-137 USD).
A bearish rejection pattern is forming, indicating a potential price drop.
MACD and RSI might be in the overbought zone, increasing sell pressure.
Possible Trade Ideas:
If 131-132 USD holds as support, the price may bounce back up.
If 131 USD breaks down, the price could drop to 124-126 USD.
A further breakdown could push the price down to 121 USD.