$SOL is trading at $164.20, down 4.85%, with approximately $3.85B in 24-hour volume. Despite recent selling pressure, the supplied analysis highlights buying absorption and a developing bullish MACD divergence on the 4H chart. Negative funding across decentralized perpetual protocols also suggests crowded short positioning. The $160 support level is particularly important for determining whether the potential rebound structure remains valid.
📈 Bias: Neutral-Bullish | 🎯 Entry: $161.00–$164.00 | 🛡 Support: $160.00 / $155.00 | 🚧 Resistance: $172.00 / $178.00 | 🎯 Targets: $169.50 / $174.00 / $181.00 | ❌ Invalidation: Hourly close below $158.50
Strategy: Watch for a confirmed rebound around $160–$164. Avoid long entries if support breaks and invalidation is triggered.
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