SOL/USDT (1D) — Technical OutlookSOL / TetherUSBINANCE:SOLUSDTebrpeyman SOL/USDT (1D) — Technical Outlook Price: $76.30 (-0.81%) | Bias: Bearish continuation with a mid-range consolidation pause Structure A Head & Shoulders (Bear) pattern completed and was confirmed in April–May, with the neckline breakdown around the 76–80 zone triggering the subsequent decline into June. Multiple CHoCH+ (bullish change of character) signals appeared during the June low ($63–68 area), aligning with a regular bullish divergence flagged much earlier — suggesting seller exhaustion at that low. Since the June bottom, price has been carving a higher-low structure but is now running into resistance near the 100% Fibonacci retracement ($76.22) of the prior swing, coinciding with a fresh CHoCH- (bearish change of character) at the top of the recent range. Key Levels Resistance: $76.22 (100% fib) → $84.09 (161.8% ext) → $96.83 (261.8% ext) Support: $71.36 (61.8%) → $68.35 (38.2%) → $63.49 (0% / June swing low) Price is currently compressing just under the 100% retracement, a classic decision zone. Momentum & Indicators RSI ~39.8 — below midline, showing weakening momentum, not yet oversold. Volume is only 0.3x average — the current move up lacks conviction, which is a caution flag for bulls trying to reclaim $76+. The 200W SMA remains far above price (~100+), confirming the broader macro trend is still structurally bullish on higher timeframes even though price is well below it — a large gap that typically acts as long-term resistance/magnet. The automated model tags BEAR 3 vs 1 internally but signal status is WAIT, meaning no high-conviction entry trigger yet. Scenario Planning Bearish case: Rejection at $76.22 with a confirmed CHoCH- and low volume support break below $71.36 opens a retest of $68.35, and potentially $63.49 if broader risk sentiment weakens. Bullish case: A volume-backed reclaim and daily close above $76.22–78 invalidates the near-term bearish CHoCH and opens room toward $84.09 (161.8% ext). Base case (most likely given low volume): Continued rangebound chop between $71–78 until volume returns to confirm directional conviction. Disclaimer This is a technical read for educational purposes only — not financial advice. Always confirm with your own risk management and position sizing (DYOR).