$SOL /USDT – WILL IT BOUNCE OR BREAK? SOL TESTS CRUCIAL SUPPORT
$SOL is trading at $218.27, recovering 1.62% after hitting a 24-hour low of $213.00. Despite this rebound, bearish sentiment lingers, with SOL struggling to regain its recent high of $228.95. Bulls need to push above $221.15 to shift momentum in their favor. However, if $217.53 support fails, SOL could slide further toward $216.95 or lower.
Short-Term Outlook: Bulls Under Pressure
On the 15-minute chart, SOL shows a clear downtrend, with weak buying momentum visible in recent candlesticks. A breakout above $221.15 could pave the way for a climb toward $225.33. Conversely, continued rejection at resistance levels raises the likelihood of further declines. Traders should keep an eye on volume—if sell pressure rises below $217.53, it could signal a deeper bearish move.