$SOL Based on the 4-hour chart of SOL/USDT analysis:
Current Price: SOL/USDT is trading at $144.87, reflecting a 0.58% decrease (-0.40%) over the last 4 hours on Binance.
Recent Trend: The price has experienced a downward movement recently, dropping from a higher range around $160-$170 earlier in the chart. This suggests a short-term bearish trend.
Support and Resistance: The current price is near a support level around $144-$145. A break below this could lead to further declines toward $140. Resistance is likely around $150-$160, where previous highs were tested.
Volume: The volume SMA (Simple Moving Average) shows fluctuating activity, with a noticeable spike in volume during the recent price drop, indicating increased selling pressure.
Longer-Term Performance: Over the past 30 days, SOL has declined by 19%, and over 180 days by 33.47%, indicating a broader bearish trend.
