SOL/USDT Technical Breakdown: Bearish Momentum Building After Rejection – Key Levels to Watch
SOL/USDT on Binance is currently trading at $81.13, down -4.14% in the last 24 hours, with a high of $85.24 and low of $80.28. The pair has seen solid volume (~2.91M SOL / ~$242.5M USDT), reflecting continued interest despite the pullback.
On the chart (1D timeframe with 15m/1h overlays), the Supertrend (10,3) is plotting at 83.99, now acting as dynamic resistance overhead. Price has decisively closed below this line (flipping from green to red), confirming a bearish trend shift. The Supertrend trail has been respected during the recent downmove, with candles hugging the lower band around the $80.28–$81.71 zone.
Momentum indicators align with the downside:
RSI(14) at 32.34 – deep in oversold territory, but no clear bullish divergence yet. This suggests selling pressure remains dominant, though a relief bounce could emerge if RSI rebounds toward 40–50 without price breaking lower.
MACD shows DIF -0.97, DEA -0.81, and histogram -0.16 (bearish crossover intact, lines below zero). No immediate reversal signal.
Volume profile shows declining participation on the pullback (current vol ~73.7K vs MA5 ~124.7K), which could indicate exhaustion, but the faster MA5 remains below MA10, reinforcing short-term weakness.
Key levels:
Immediate support: $80.28 (24h low) – a break here opens the door to $78–$79 psychological/prior structure.
Resistance: $83.56–$85.41 (Supertrend zone + recent highs) – reclaiming above $83.99 would invalidate the bearish setup and flip momentum.
Watch the green support line around $80–$81 for any hold attempts.
Overall bias: Bearish while below Supertrend. Short-term traders may look for fades toward support or wait for a confirmed reclaim above $84 for longs. Risk management is crucial in this volatile Layer-1 environment – always use stops.
What’s your view on SOL here? Oversold bounce incoming or continuation lower? Drop your analysis below!