$SOL | SOL/USDT
Price: 104.18
24H Change: -11.21%
24H Range: 96.40 – 118.85
24H Volume: $899M USDT
4H Structure:
Solana just went through a sharp sell-off, breaking multiple key levels. Price was rejected hard from the 128.34 resistance, and the follow-through selling shows liquidation pressure, not just casual profit-taking. The long lower wick near 96.40 hints at short-term demand, but that alone doesn’t change the trend.
Trend and Momentum:
Price is trading below all major moving averages (7, 25, 99), which keeps the structure firmly bearish. Momentum is weak and sellers are in control for now. The volume spike on the breakdown confirms distribution and forced liquidations. Volatility is high, so expect wide swings.
Key Levels:
Support: 96–100
Resistance: 112–120
A reclaim above 112 is needed for any real bullish relief. Losing 96 would likely open the door to deeper downside.
Bottom line:
SOL is in a high-risk, high-volatility phase. This looks like a leverage flush within a bearish trend, not a random dip. Stay patient, manage risk, and don’t let emotions run the trade.
#solana #SOLUSDT ! #CryptoMarketAlert #altcoins
