$SOL recently is making lot of movements and every one is want it to perform well and surpass all time high during this bull run. Here is what currently going on and what is expected.

Key Observations:

Current Price: $137.00

24H High: $145.49

24H Low: $136.23

Trend Analysis:

• The price has been in a downtrend after reaching a peak of $147.48.

• The moving averages (MA7, MA25, MA99) show bearish movement, with shorter-term MA (7 & 25) sloping downward.

• Support Level: Around $136 - $131.

• Resistance Level: Around $140 - $145.

Indicators:

• RSI (Relative Strength Index): 18.49 (Oversold) – This suggests a possible bounce-back or reversal.

• Stochastic RSI: 7.78 (Also oversold) – Indicates that the selling pressure might slow down, leading to a short-term recovery.

Prediction:

• If SOL holds support at $136 - $131, it may attempt a rebound toward $140-$145.

• If it fails to hold support, a further drop to $131 or lower is possible.

• RSI and Stoch RSI suggest a possible short-term bounce, but overall trend is bearish unless strong buying volume appears.

Conclusion:

• Bearish bias for now, but watch for reversal signals if buying volume increases.

• Critical level: $136. If it holds, a move back toward $140+ is possible. If it breaks, expect further downside.