$SOL
/USDT Analysis đđ
Solana is currently in a recovery attempt after a prolonged bearish phase. The recent candles show buyers are cautiously entering, testing the lower range and trying to stabilize price. While the overall trend remains bearish, short-term momentum is shifting as price finds support near key levels. âĄ
đ Why SOL was declining:
Continuous lower highs and lower lows
Price trading below all major moving averages
Persistent selling pressure from previous sessions âïž
đ Why SOL is bouncing now:
Buyers testing strong support zones
Short-term MA showing slight upward turn, indicating improving momentum
Small bullish candles suggest cautious accumulation đ„
Market trying to regain balance after oversold conditions
đź Possible next move:
SOL may attempt a small relief rally toward nearby resistance, but failure to hold current support could lead to further consolidation or retest lower levels. Observing price reaction near resistance and support will guide the next short-term trend.
Overall, SOL is in a critical short-term decision zone, balancing between potential recovery and further consolidation.
Not financial advice