SOL Market Update | Candle Chart Analysis 📉
$SOL SOL faced a strong rejection near 85.1, followed by heavy bearish candles, confirming seller dominance. The drop wasn’t a fake move. It was a clear rejection from resistance.
Candle Insight
Strong bearish candles with weak bounce
No bullish reversal pattern yet
Recent green candles show low conviction buying
Trend & MAs
Price remains below MA(25) & MA(99) → bearish structure
MA(7) acting as short-term resistance
Bulls need a reclaim of 84+ to regain control
Key Levels
Resistance: 83.5 – 84.6 – 85.1
Support: 82.0 – 81.7 (critical)
Volume Sell-off backed by volume, bounce attempts are weak. That favors continuation, not reversal.
Trading Plan
Scalp Long: 81.8–82.2 | SL: 81.5 | TP: 83–83.5
Bearish Bias: Rejection near 83.5–84 → back to 82
Bullish Only If: 4H close above 84 with volume
Conclusion SOL is still bearish. Wait for confirmation. Don’t chase. Trade the levels.