SOL Sellers Regain Control as Bearish Momentum Builds

SOL appears to be under renewed selling pressure on the daily chart, with indicators signaling a growing bearish outlook. The Balance of Power (BoP) shows sellers dominating the market, indicating that momentum has shifted against buyers.

Typically, when the BoP turns negative, it reflects increasing control by sellers and potential for further downside movement.

This suggests that the current market sentiment for SOL remains weak, with bears maintaining the upper hand in the short term.