$SOL
The 1-day chart for $SOL /USD shows signs of a bearish reversal in the short term. The rejection at 157.00, combined with the bearish candlestick pattern, MACD crossover, and declining RSI, suggests that sellers are stepping in, and the price might test lower support levels around 132.92 or even 119.34 if the bearish momentum continues. However, the broader 7-day and 30-day uptrends and the RSI above 50 indicate that the overall trend still has some bullish undertones. Traders should watch for confirmation of the bearish reversal—either through a break below recent support or continued bearish candlestick patterns—before making a decision.
Short-Term (Bearish Bias): If the price breaks below $145 with increased volume, consider a short position targeting $132.92, with a stop-loss above $148 to manage risk.
Short-Term (Bullish Setup): If the price holds above $145 and a strong bullish candle forms with rising volume, consider a long position targeting $150–$157, with a stop-loss below $145.
Long-Term: The optimistic sentiment for SOL (targets of $181–$400) suggests holding or accumulating on dips near support levels, but monitor short-term price action for confirmation.
