SOL/USDT – Downside Loading

2 days ago

SOL/USDT – Downside Loading


The chart shows a prolonged distribution phase followed by a steady macro decline, with multiple structure breaks confirming a persistent bearish flow. After the earlier consolidation in the upper range, each attempt to reclaim previous highs has been met with a shift in momentum, leading to progressive downside sequences.

The recent breakout from the lower range transitioned into continued weakness, indicating sellers remain in firm control. Despite short-term rebounds, the overall behaviour reflects a market that is unwinding previous demand zones rather than building new ones.

At the current level, SOL is forming a tight corrective pattern, suggesting price is building liquidity before the next directional move. Given the broader trend context, this type of compression typically precedes continuation rather than full reversal. The chart’s projection implies a potential liquidity sweep on the minor rally, followed by renewed downside pressure once short-term buyers are exhausted.

Overall, the environment still favours the bearish continuation scenario unless the market shows a decisive shift in character backed by sustained strength — something not yet present.

yesterday

Trade active

Trade Active