$SOL
/USDT – BOUNCE OR BREAKOUT? SOL TESTS CRITICAL SUPPORT ZONE... $SOL After a good rise again to $220
$SOL is trading at a price of $218.27, showing a modest recovery of 1.62% after hitting a 24-hour low of $213.00. Despite the bounce, bearish pressure remains strong, and SOL cannot reclaim its previous high of $228.95. Bullish traders now face the immediate task of breaking above $221.15 to regain short-term control. Failure to hold support at $217.53 may lead to further decline for SOL to the next key level at $216.95 or lower.
Short-term forecast: Bullish traders on thin ice
On the 15-minute chart, SOL's price action reflects a downward trend, with recent candles showing weak buying momentum. If buyers push SOL above $221.15, a rise to $225.33 is possible. However, continued rejection at these levels increases the risk of further decline. Traders should closely monitor volume — increased selling pressure below $217.53 may confirm bearish continuation.