$SOL Price Action & Trend
• Recent high: $186.80, now dropped to around $178.
• The drop happened with consistent red candles on multiple timeframes (15m, 1h, 4h), showing short-term selling pressure.
• Current price is near the 24h low ($177.83), meaning sellers are still in control for now.
2. Money Flow
• Large orders: -146K SOL net outflow in the last 2 hours → strong bearish sign from whales.
• Total net outflow: -162K SOL in 2 hours → selling outweighing buying.
• Last 24h large inflow is negative → institutions and big traders are likely taking profits.
3. Indicators
• RSI (15m & 1h): Oversold or close to oversold (below 30 on shorter timeframes) → potential short-term bounce possible.
• MACD: Bearish crossover and still declining on all timeframes.
• Moving averages: Price is below short-term MA(5) and MA(10) → short-term trend still down.
4. My View
• Short-term: The downtrend may continue a bit more, possibly testing $176–175 support before a bounce.
• If holding: Avoid panic selling at the bottom. You can wait for a bounce to $181–183 for partial exit if you want to reduce risk.
• If planning to buy: Better to wait near $175 support and watch for reversal signs before entering.
• If trading: Keep a stop-loss slightly below $174 to avoid bigger losses if support breaks.
