SOL/USDT 4H Chart Analysis 📉

Currently trading around $78.55 with a strong bearish pressure (-10% move).

🔍 Trend Overview

Price is trading below EMA 7, EMA 25, and EMA 99

EMA 7 (81.18) < EMA 25 (83.01) < EMA 99 (85.27)

➝ Clear bearish alignment

Overall structure still forming lower highs & lower lows

📊 Indicators

MACD

Bearish crossover confirmed

Histogram expanding on the downside

➝ Momentum favors sellers

RSI (6): 16

Deep oversold zone

➝ Short-term bounce possible, but trend still bearish

Stoch RSI

Sitting at bottom levels

➝ Relief bounce could happen anytime

📌 Key Levels

Support: $75 – $72 zone

Major Support: Around $67 (previous strong wick area)

Resistance: $82 – $85 zone (EMA cluster area)

🧠 Scenario

As long as price stays below $83–$85, bears control the structure.

A bounce from oversold levels may retest EMA zone before continuation down.

⚠️ Watch volume on any bounce — weak volume = likely fake pump.

Trend: Bearish Short-term: Oversold bounce possible Mid-term: Still downside risk