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🚨 SOLUSDT 4H Analysis — Bulls Need to Defend This Zone! 🚨
SOL is currently trading around the $84 area after facing strong rejection from the $98 resistance zone. The chart structure on the 4H timeframe remains bearish in the short term as price continues trading below the MA10 and MA30, showing weak momentum from buyers.
MACD is still negative, which suggests bearish pressure is active, while RSI is moving near oversold territory. This could lead to a short-term bounce, but confirmation is still needed before expecting a strong reversal.
📌 Key Support Levels:
• $83.50 — Immediate support
• $80.00 — Major psychological support
• $78.30 — Strong demand zone
📌 Key Resistance Levels:
• $88.00 — First breakout level
• $92.00 — Mid resistance
• $98.30 — Major resistance zone
If SOL holds above $83 and volume increases, we may see a recovery toward $88–$92. But if sellers push below $80, the market could revisit lower support zones quickly.
Traders should wait for confirmation candles and proper risk management before entering positions. Volatility remains high across the crypto market.
#SOL #SOLUSDT #CryptoTrading #Altcoins #TradfiTradingChallenge