$SOL Market Snapshot (SOL/USDT)
Price took a sharp drop and found support near the 130 zone, followed by a calm bounce. Right now, the market feels like it’s catching its breath after panic selling.
What the chart is saying (short term)
On the lower timeframe, price is moving sideways after the rebound. Selling pressure has slowed, but buyers are still cautious. This looks more like stabilization, not a strong reversal yet.
Bigger picture view
On higher timeframes, the structure is still below key moving averages. That means the trend is weak, but the strong reaction from support shows buyer