$SOL ‌Price just had a sharp pullback after failing to hold the recent bounce. On the lower timeframe, momentum looks stretched on the downside — sellers pushed hard, but that kind of move often cools off quickly.

What the chart is saying

Short-term trend: weak, still under pressure

Momentum indicators: deeply oversold → selling strength is fading

Volume spike on the drop: likely panic selling, not steady distribution

Possible scenarios

Short term (hours–1 day): A slow bounce or sideways move is possible as selling pressure eases. Quick recovery attempts may face resistance.

Mid term (1–3 days): If price holds this zone, a relief move toward the previous breakdown area can happen.

Risk case: If this level fails to hold, price may test a lower support before stabilizing.

This is a personal market view based on chart structure and momentum behavior, not financial advice. Markets can move fast — manage risk and trade your own plan.