🚨 SOL/USDT — Bears Still in Control? 📉

Solana (SOL) is showing clear bearish momentum on the 1H chart. Price is currently around $114.31, down 2.85% in the last 24 hours.

🔍 Technical Breakdown

📉 EMA 20: $115.76

📉 EMA 50: $117.24

📉 EMA 200: $118.75

SOL is trading below all three EMAs, which indicates that the short-, medium-, and longer-term trend on this timeframe remains bearish.

The RSI(14) is 31.75, meaning selling pressure is high and the market is getting close to oversold territory. ⚠️ However, an oversold RSI does not automatically mean price will reverse.

🎯 Important Levels

🟢 Support: $114.00

🟢 Major support: $113.60

🔴 Resistance: $115.75

🔴 Resistance: $117.25

🔴 Major resistance: $118.75

🐂 Bullish Scenario

If SOL can reclaim $115.75 with strong volume and hold above it, buyers could attempt a move toward $117.25 and potentially $118.75.

🐻 Bearish Scenario

If SOL loses $114.00–$113.60 with strong selling volume, bearish momentum could accelerate.

💡 My Take

Right now, don't chase a long just because RSI is low. The trend is still bearish. A confirmed reclaim of resistance would provide a stronger bullish signal, while a clean breakdown of support would favor the bears.

Watch the $114–$116 zone closely. 👀

⚠️ This is technical analysis for educational purposes, not financial advice. Always manage risk and avoid excessive leverage.

🔥 Tags

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