1. Price Action & Trend

SOL is currently trading around $85.37, reflecting a sharp 9.12% drop in the last 24 hours. The 1-hour chart displays consecutive red candles, indicating strong selling pressure and a break below previous support levels.

2. Moving Average (MA) Sentiment

The MA(7), MA(25), and MA(99) lines are all positioned well above the current price. This alignment confirms a strong downtrend in both the short and medium term. The price needs to reclaim the MA(7) line at $89.25 to show any sign of initial recovery.

3. RSI Indicator (Oversold Signal)

The RSI(6) is currently sitting at an extremely low level of 14.32. Technically, any RSI value below 30 is considered "Oversold". While this suggests the selling might be exhausted soon, it does not guarantee an immediate reversal.$BTC $BTC $ETH