The SOLUSDT Perpetual Futures pair is currently trading at $146.93, reflecting a minor decline of -0.60% in the past 24 hours. The mark price matches the last traded price at $146.93, indicating price stability in the short term. The trading range for the day has been between a low of $145.74 and a high of $149.00, with moderate volatility. The 24-hour trading volume stands at 10.17 million SOL, equivalent to a notional volume of $1.50 billion, signaling continued interest and liquidity in the asset.From a technical perspective, the price action appears bearish in the short term. SOL has been on a downtrend from the recent high of $151.86, consistently forming lower highs and lower lows. The current price is trading below key moving averages, including the 7-period MA at $147.13, 25-period MA at $147.65, and 99-period MA at $148.29, which all act as overhead resistance levels.The Relative Strength Index (RSI-6) is at 37.37, indicating weak momentum and approaching oversold territory. This suggests that selling pressure has dominated, but a short-term bounce or consolidation could be expected. Volume has remained relatively steady, with occasional spikes on red candles, which supports the ongoing bearish sentiment.Overall, SOLUSDT perpetual futures show a bearish short-term trend, with the price trading below major moving averages and RSI reflecting weak momentum. A drop below the recent low of $145.74 could confirm further downside, while a breakout above $148–$149 would be needed to signal a potential trend reversal. Caution is advised, especially in a high-volatility environment.