SOL with the possibility of another short-confirmationSOL / TetherUSBINANCE:SOLUSDTBitbullTradingHello TradingView community, SOL has played out the short confirmation from our last analysis exactly as expected. After the rejection at the 112 USD zone, the price broke down cleanly and reached the projected target around 100 USD. SOL is currently trading at 104.93 USD, down -1.91% on the day. Following the brief recovery of the past few days, SOL now finds itself in a renewed potential short confirmation. The price was rejected at 109 USD and the overlying EMA band is a classic pattern: the pullback into the broken structure fails, and sellers take control again. This time the target would be around 97 USD, marking the critical support on the daily chart. A zone with solid volume basis in the VRVP that also coincides with the 200 EMA. There is, however, a counter-scenario: should SOL find support once more around the 100 USD level, a double bottom could form there. That would require serious buying momentum though. The recovery attempts so far have been too weak to crack the EMA band. Without substantial buyers stepping in, the picture remains bearish. The indicators reinforce the cautious stance: The MACD (daily) remains in negative territory – the histogram shows initial signs of flattening after the bounce, but a bullish crossover is nowhere in sight. The RSI sits in weak territory well below the neutral midline and barely used the recent recovery to reset. That means: technically, there is still room for further downside. Happy trading Your Bitbull team