$SOL what to expect in next 24 hours.

Technical Analysis Overview:

. Price Trend:

• SOL has been in a clear downtrend, dropping from a recent high of $147.48 to a low of $129.03.

• The price is currently at $129.81, struggling to recover after hitting its lowest point in the past 24 hours.

. Moving Averages (MA):

• The 7-period MA (yellow) at $130.47 is above the current price, indicating short-term bearish momentum.

• The 25-period MA (pink) at $134.73 and the 99-period MA (purple) at $139.54 are also above, reinforcing the downtrend.

• Until SOL breaks above these moving averages, recovery will be challenging.

. Volume & Market Sentiment:

• Volume has been relatively high during the decline, suggesting strong selling pressure.

• However, if buying volume increases at this key support level ($129), a rebound could be possible.

Possible Scenarios for the Next 24 Hours:

Bullish Scenario (Less Likely)

• If SOL finds strong support at $129.00 and RSI starts to move upward, we might see a short-term recovery towards $132–$135.

• This would require increased buying volume and a break above the 7-period MA ($130.47).

Bearish Scenario (More Likely)

• If SOL fails to hold $129.00, further downside could push it towards the next key support level of $126–$128.

• The continued downtrend in moving averages suggests a bearish bias unless a strong reversal occurs.

Conclusion:

• Short-term: Bearish to Neutral (More likely to test lower levels unless a strong bounce occurs).

• Support Levels: $129.00, $126.00

• Resistance Levels: $132.00, $135.00

• Actionable Insight: If you’re trading, watch for RSI and volume changes—if buying pressure increases, a short-term bounce is possible. However, if SOL stays under $130, it may continue its downward trend.