SOL/USDT: A Swift $147 Pullback – The Next Move?

The recent sharp downturn in SOL's price, currently at $147.01, signifies an immediate correction, down -4.82%. The 24h high touched $157.34, and it briefly dipped to a low of $142.55. The 1-hour chart reflects bearish pressure, with heavy volumes and a notable MACD crossover showing deep divergence. The RSI(6) stands at an oversold 8.85, hinting at potential reversal, but caution remains with the Wm %R at -69.84, still in negative territory. Buyers may look for support around $142, with bulls watching closely for a recovery attempt.

Prepare for possible volatility and a potential bounce-back!