**SOL Short-term Downside Probability: 60-65%**
### Advanced View:
- **Current Status**: Price is showing signs of exhaustion after a strong rally. RSI is in overbought territory, volume is cooling off, and a red candle has formed near recent highs.
- **Key Reasons for Higher Downside Probability**:
- Overbought momentum (RSI above 75)
- Lack of strong volume continuation
- Natural profit-taking zone after a sharp upward move
- Broader market showing some cooling
- **Expected Pullback Targets**:
- First support zone: **$112 – $113**
- Deeper support zone: **$110 – $107**
- **Invalidation Level**:
A strong break and daily close above **$119.50 – $121** would reduce the downside probability significantly and shift the bias back to bullish.
- **Summary**:
Short-term bias remains **bearish/pullback preferred** with **60-65%** probability of moving lower before the next major upward attempt.$SOL
### Advanced View:
- **Current Status**: Price is showing signs of exhaustion after a strong rally. RSI is in overbought territory, volume is cooling off, and a red candle has formed near recent highs.
- **Key Reasons for Higher Downside Probability**:
- Overbought momentum (RSI above 75)
- Lack of strong volume continuation
- Natural profit-taking zone after a sharp upward move
- Broader market showing some cooling
- **Expected Pullback Targets**:
- First support zone: **$112 – $113**
- Deeper support zone: **$110 – $107**
- **Invalidation Level**:
A strong break and daily close above **$119.50 – $121** would reduce the downside probability significantly and shift the bias back to bullish.
- **Summary**:
Short-term bias remains **bearish/pullback preferred** with **60-65%** probability of moving lower before the next major upward attempt.$SOL
