SOL

SOL is flashing a high-conviction bearish continuation signal after a sharp distribution event. Price collapsed from ~$130.4 to $125.52 in the last hour on extreme volume (5.72x average), which typically confirms institutional selling rather than a low-liquidity wick. Market structure is bearish: price is below the Bollinger midline ($127.45) and sitting near the lower band ($125.25), while all key EMAs are overhead (12/26/50/200 at $127.74/$128.16/$129.90/$136.20), creating layered resistance and keeping rallies likely to be sold. RSI 44.8 is below neutral, consistent with weak momentum but not yet deeply oversold, leaving room for further downside. MACD remains negative, and although the histogram is positive (0.23) suggesting a minor bounce attempt, it is not enough to outweigh the breakdown and volume-backed sell-off. Ideal stop loss for a short is above reclaimed resistance near $129.80; downside targets align with a continuation move toward the next demand zone around $121–$118.