🔥 SOLUSDT Monthly Chart Analysis 🔥
📉 Market Structure:
SOL is in a strong bearish trend after rejecting from the 295 resistance. Price is making lower highs and lower lows, confirming long-term weakness.
📊 Indicators Insight:
• RSI (6): ~26 → Deeply oversold zone
• Oversold doesn’t mean reversal — it signals possible short-term bounce
• Price trading far below key Moving Averages → sellers in control
🧱 Key Levels to Watch:
🔻 Support Zones:
• 82 – 78 (immediate)
• 70 – 65 (strong demand zone)
• 56 – 58 (major historical support)
🔺 Resistance Zones:
• 100 – 105 (first hurdle)
• 120 – 125 (major supply zone)
• 150 – 160 (trend reversal area)
📌 Possible Scenarios:
1️⃣ Relief Bounce: Oversold RSI may push price toward 100–120
2️⃣ Bear Continuation: Breakdown below 78 can lead to 70 → 58
⚠️ Trading Note:
✔️ Long-term investors: Wait for confirmation
✔️ Swing traders: Buy only near strong support with strict SL
❌ Avoid emotional bottom-fishing
🧠 Conclusion:
SOL is oversold but still bearish on the higher timeframe.
Trend reversal only after strong confirmation.
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