$SOL is currently in a short-term downtrend, with support at $234.19 and resistance at $242.20. The MACD signals bearish momentum, but the long-term trend remains positive. Watch for a potential breakout above $236.41 for a bullish reversal.
Support & Resistance Levels
Support: $234.19 (Recent Low), $233.78 (Potential Support)
Resistance: $242.20 (Recent High), $244.70 (24H High)
Bearish Scenario: If SOL breaks below $233.78, a further decline towards $230-$228 is possible.
Bullish Scenario: A recovery above $236.41 could push SOL toward $240-$244 resistance.
