【$SOL Signal】No Position, Waiting for Selling Pressure to Confirm Exhaustion

After experiencing a volume surge and sharp decline on the 4H timeframe, the market enters a narrow sideways consolidation. The price temporarily stabilizes around $81, but depth shows heavy selling pressure above (2490 units stacked at $81.04), and the funding rate remains negative, indicating market sentiment is still bearish. The current rebound lacks sufficient buying support.

🎯Direction: No Position $SOL NoPosition(

The current chart pattern is a downward continuation, not a valid support level. Although the price has temporarily stabilized, trading volume has sharply decreased to very low levels, characteristic of a "dead cat bounce." Major sell orders form a clear resistance wall above $81, while buy depth below is weak, making any selling likely to trigger a chain reaction of declines. A genuine bullish signal would require the price to break back above $83.5 (former support turned resistance) with increased volume, or a clear daily-level accumulation pattern. Until then, watching and waiting is the only rational choice.

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#Is the current market bottoming or just waiting?