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$SOL The 4-hour timeframe's main trend is downward. The current slight rebound is a technical correction after being oversold, but the correction is very weak, trading volume is shrinking, and all momentum indicators show no signs of trend reversal. The market is likely to continue downward after a weak rebound, probing for a new low.
* **Resistance Levels Above**:
1. **Immediate Resistance**: **84.00 - 84.50** area. This is the recent resistance zone where multiple rebounds have been blocked (rows 193-195), and it is near the fast EMA.
2. **Strong Resistance**: **86.00 - 87.00** area. This is the lower boundary of the previous high-volume trading zone, also the area where the slow EMA and earlier support have turned into resistance. Only a volume breakout above this zone could cast doubt on the short-term downtrend.
3. **Key Reversal Level**: Above **88.00**. The price needs to strongly recover above this level to break the downtrend structure since 94.05.
* **Support Levels Below**:
1. **Immediate Support**: **82.50 - 82.00** area. The price has tested this zone multiple times recently and rebounded briefly.
2. **Key Support / Recent Low**: **81.74** (the recent lowest point in the data). A break below this level would open the downside space.
3. **Next Target Support**: The **80.00** round number and near **78.50** (the low area from late February). #SOL #Solana