$SOL /USDT 🔍

SOL
SOL
85.97
+0.79%

Price: $78.80

24H Change: -7.36%

RSI(6): 25.57 (Oversold Zone ⚠️)

SOL continues to respect the broader downtrend structure with lower highs and lower lows. After the sharp rejection near the $90 zone, price is now testing short-term support around $77–$75.

🔑 Key Levels:

Support: $77 → $75 → $67.50 (major swing low)

Resistance: $85 → $91 → $104

📊 What the Chart Says:

RSI is deeply oversold, suggesting a potential short-term relief bounce.

Volume remains relatively muted — no strong bullish confirmation yet.

Structure still bearish unless SOL reclaims $85+ with momentum.

📈 Possible Scenarios:

Bounce Play: Oversold relief toward $83–$85.

Breakdown Risk: Loss of $75 opens the door to a retest of $67.50.

Trend Reversal: Only above $91 with strong volume.

⚠️ Market still favors sellers on 4H timeframe. Wait for confirmation before heavy positioning.