Technical analysis by AliferCrypto about Symbol SOL on 5/30/2025

SOLUSDT appears to be forming a rectangle, clearly visible on the 4H chart.Key Levels to Watch• $160: Support• $185: ResistanceMeasured TargetsActivated, respectively, with a 4H close with good volume below support or above resistance.• $135: Rectangle Short Target• $210: Rectangle Long TargetSOL cleanly broke below support and the 1-year EMA, activating the $135 short target.If support is quickly reclaimed this could turn into a liquidity grab deviation, but for the time being it seems more likely for it to continue downwards.SOL is attempting to reclaim the $160 support.A successful attempt would invalidate the $135 target and reclaim the range, but a rejection here would further confirm the bearish setup.Watch it closely.