$SOL tried to retest $210+ but faced rejection
$SOL /$USDT 4H chart from Binance.
🔹 Key Price Levels
Last Price: $202.74
24H High: $209.95
24H Low: $200.80
Recent Swing High: $212.95
Recent Swing Low: $194.06
🔹 Indicators
RSI (6): 38.29 → RSI is near oversold territory (below 40), showing selling pressure but possible rebound soon.
MACD:
DIF (0.11) vs. DEA (0.56) → Bearish crossover.
MACD line at -0.46 → Momentum is bearish.
🔹 Chart Structure (4H)
SOL tried to retest $210+ but faced rejection and is now consolidating around $202.
Support zone: $200 – $197 (if broken, may retest $194).
Resistance zone: $205 – $210 (needs breakout to move higher).
🔹 Short-Term Outlook
If $200 holds as support, SOL could bounce back toward $208 – $212.
If $200 breaks, downside may extend toward $194.
📌 Bias: Currently bearish in short-term, but oversold RSI suggests possible bounce soon.