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Technical analysis by AndeWave about Symbol SOL: Sell recommendation (8/4/2025)

https://sahmeto.com/message/3684004
AndeWave
AndeWave
Rank: 4761
1.7
Sell،Technical،AndeWave

The SOL structure is quite weak. The price previously broke the upward trend and entered the range of 170-157 as part of a downward movement. The market is reacting to Bitcoin's rebound, and in this case, SOL may test resistance at 169-170 before falling. The upward trend has been broken by a H&S reversal pattern. The potential is temporarily changing, and before the long-term bullish trend continues, the market may test deep areas of interest from the support side.

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$162.29
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