UPDATE: $SOLV /USDT Recovery Attempt Faces Resistance
$SOLV has attempted a mild rebound following the recent dip to 0.04160, but momentum remains constrained. The price continues to trade below the key moving average cluster (MA7, MA25, MA99), which now acts as a dynamic resistance band around 0.04285-0.04300. While the sell-off appears to have slowed, the subdued USDT volume suggests this is a technical pause rather than a strong accumulation phase. For any recovery to be sustainable, SOLV needs to reclaim the MA7 level with a decisive increase in buying volume; otherwise, the risk of retesting the local low persists.
Key Levels & Outlook
The immediate outlook hinges on two levels. A successful hold above the 0.04160 previous low could set the stage for a retest of the MA resistance. However, failure to build support here and a break below 0.04100 would likely accelerate selling, targeting the next psychological zone near 0.0400. Traders should watch for a volume-confirmed breakout above the MA confluence for a bullish invalidation. Until then, the structure remains fragile, favoring a cautious approach with tight risk management.
