Yikes, $SOL just took a brutal hit.
After that brief run-up and rejection around the $165-$167 area, we've seen a pretty sharp decline. Looks like the bears really stepped in hard.
Right now, it's finding some temporary support around $140-$144.
That's a key zone we need to watch.
If it breaks below $140, things could get ugly pretty fast, potentially retesting the $130s.
Volume on that last red candle was heavy, confirming the selling pressure.
A slight bounce is happening now, but it's not looking convincing.
We'll need to see some real buying volume and a reclaim of $150 to even think about a reversal.
For now, the path of least resistance looks down.