SOLUSDT (1 hour): Sell opportunity with target 133.20 USDT!
2024-10-10

On the 1-hour timeframe, Solana (SOLUSDT) is in a clear downtrend, with sellers in full control. This weakness was evident through the resistance at 145.00 USDT, followed by a strong bounce, confirming that selling pressure is dominant in the medium term.

Currently, the price has clearly responded to the strong resistance at 141.00 USDT and the EMAs. The market shows a lack of sufficient buying pressure to push the price higher, giving medium-term sellers an opportunity to capitalize and push the price further down.

With this bearish momentum, SOLUSDT’s next target is the support at 133.20 USDT - a key bottom that could be retested if the downtrend continues.