Price Action Analysis: $SOL USDT - Bearish Pressure?

current Snapshot:

* SOL Price: 185.46 USDT

* Daily Change: -3.34% (Rs 52,761.8)

* 24h High: 193.64 USDT

* 24h Low: 180.69 USDT

Key Observations:

* SOL is currently trading between its MA(7) (186.22) and MA(25) (186.44), indicating a period of consolidation or indecision.

* The price has fallen from a recent high of 195.32, suggesting a shift in momentum.

* The MA(99) at 180.45 could act as significant support if the price continues to decline.

What to Watch For:

* A break above MA(25) (186.44) would be a bullish signal.

* A drop below MA(99) (180.45) could lead to further downside towards 175.69.

* Volume has been relatively high, indicating active trading around these levels.

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