Hi everyone, I’m Domik,

On the 4-hour time frame, SOL decisively broke out of the 130-132 support area and quickly retraced to 125-126, with a long bearish candle accompanied by increasing trading volume. This price action is a clear indication that aggressive selling pressure is taking control of the market. What is happening here is not just a temporary shock, but a clear confirmation that the downward trend has become dominant.

Following the bearish move, prices only traded sideways for a short period to rebalance liquidity, without any significant buying power or an outright reversal pattern emerging. This structure usually occurs before the main trend resumes.

The preferred scenario is a technical rebound to the 130-132 area, followed by a fresh decline to 123-125. If this area is broken, the decline could extend to the 118-120 range. The negative outlook will only be lifted if the SOL 4-hour candle closes significantly above the 136 level. Until then, all rallies should be viewed as selling opportunities in line with the current trend.

I wish you successful trading!

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