SOL is under clear selling pressure on the H4 timeframe. After trading below both EMAs for several sessions, price broke out of the 78–82 USD consolidation zone and quickly dropped toward 70 USD. This shows sellers are still controlling short-term momentum.
What stands out is that this decline came with a strong increase in volume. That suggests the move is not just a normal correction, but may involve position exits or liquidity sweeps from weak long positions.
The 68–70 USD zone is now critical. If price holds this area and forms a clear H4 rejection candle, SOL may rebound technically toward 72–75 USD. However, this recovery zone may still face selling pressure unless price can reclaim 77.5–82 USD.
What stands out is that this decline came with a strong increase in volume. That suggests the move is not just a normal correction, but may involve position exits or liquidity sweeps from weak long positions.
The 68–70 USD zone is now critical. If price holds this area and forms a clear H4 rejection candle, SOL may rebound technically toward 72–75 USD. However, this recovery zone may still face selling pressure unless price can reclaim 77.5–82 USD.
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Disclaimer
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