It's a tough day for $SOL . After a brief rally, it got firmly rejected around the $165-$167 mark and has since plunged. The bears are definitely in control.
Right now, it's finding some temporary support in the $140-$144 range. This is a critical zone to watch. If it breaks below $140, we could see a rapid drop, potentially retesting the $130s.
The last red candle had heavy volume, confirming the strong selling pressure. We're seeing a slight bounce now, but it's not convincing. For any real chance of a reversal, we'd need to see significant buying volume and a reclaim of $150. For now, it looks like SOL has further to fall.