SOLUSD 4H: $215 Support Lost, Eyeing $200-205 Trend Change ZoneSolanaCRYPTO:SOLUSDManiMarkets SOLUSD 4H: $215 Support Lost, Eyeing $200-205 Trend Change Zone Chart Overview: On the 4-hour timeframe, Solana (SOL/USD) has undergone a significant shift in market dynamics. After a strong bullish rally in late September and early October, the price has broken down from a consolidation pattern, signaling a clear return of bearish momentum. Recent Price Action: Solana had a robust recovery from its late September lows (around 195-200), driving price upward along an ascending green trendline. This bullish surge pushed SOL back towards the higher resistance zones. However, the rally started to lose steam as it approached the 240 Flip Zone and encountered strong selling pressure below the 250 Key Resistance (Sell Order Block). Following this, SOL entered a period of consolidation, attempting to maintain structure above the 220 to 224 Deciding Area. This zone acted as a critical battleground for bulls and bears. Unfortunately for bulls, the ascending green trendline that had supported the rally was broken decisively. This breakdown was then confirmed by the price establishing a clear descending red trend channel, indicating a new bearish trend. The crucial development is the recent breakdown below the 215 Key Support. This level, which offered bounces in the past, has been lost, and the price is now accelerating downwards, firming up the bearish outlook. Key Resistance Levels to Watch: 215 Key Support (now Resistance): This is the immediate hurdle for any attempted rebound. Price must reclaim and hold this level to alleviate immediate bearish pressure. 220 to 224 Deciding Area: A pivotal zone. A successful move back above here would suggest a potential shift in momentum, but it will face resistance from the descending red trendline. 230 1st Resistance: A significant horizontal resistance level that acted as a ceiling during the recent consolidation. 240 Flip Zone: This area previously served as both support and resistance, and would be a strong barrier for any substantial recovery. 250 Key Resistance (Sell Order Block): The ultimate overhead resistance, representing the peak of the prior rally and a significant supply zone. Key Support Levels to Monitor: With Solana currently trading around 209 and actively breaking down: 200 to 205, Trend Change: This is the most critical immediate support zone. This area marked the low before the previous bullish rally began. A bounce here is crucial for bulls to prevent a deeper correction. Significance: A break below this zone would indicate a potential trend change back to a more significant bearish structure, opening the door for much lower prices not visible on this chart. Outlook & Scenarios: Bearish Scenario: If Solana fails to find strong buying interest and support within the 200 to 205, Trend Change zone, a decisive break below this range would confirm a deeper bearish trend. This could lead to an accelerated move towards unexplored lower price levels. Bullish Scenario: For bulls to regain control, SOL needs to first stabilize and strongly reject further downside at the 200 to 205 zone. A subsequent move to reclaim the 215 Key Support (turning it back into support) and then breaking above the 220 to 224 Deciding Area and the descending red trend channel would be necessary to signal a potential reversal or a return to bullish consolidation. Conclusion: Solana is currently under strong bearish pressure on the 4-hour chart, having decisively broken below the 215 Key Support and consolidating within a descending trend channel. The market is now actively testing the critical 200 to 205, Trend Change zone. Traders should remain highly vigilant, as the reaction at this level will be pivotal in determining Solana's short-to-medium-term direction. A failure to hold this support could open the floodgates for further downside, while a strong bounce could offer a glimmer of hope for a recovery. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.