June 16 Morning SOL Analysis $SOL

From the 1-hour chart, SOL's previous rebound momentum has clearly weakened, with heavy selling pressure above. After a sharp rise and fall, the price shows signs of stagnation, and the bullish trend has been broken. The Bollinger Bands, after a brief upward expansion, have started to contract and slope downward. The price broke below the middle band support, short-term moving averages formed a death cross and diverged downward, indicating a bearish arrangement. All technical indicators are weakening across the board: MACD shows a downward death cross with increasing green bars, RSI has fallen below the bullish-bearish dividing line and continues to decline, indicating a lack of buying enthusiasm in the market. The bearish dominance is obvious, and there is a short-term need to seek support further down.

Trading suggestion
Directly short at 75-76, targeting 62-65