SOLUSDT: Bears Maintain Upper Hand

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SOLUSDT: Bears Maintain Upper HandSOL / TetherUSBINANCE:SOLUSDTDomicChainaSOLUSDT is trading around 101.3 USDT following a third failed attempt to break the strong 101–103 resistance zone. Persistent selling pressure in this area indicates that buyers are struggling to extend the upward momentum. Macroeconomic factors currently lean slightly toward a corrective scenario. Higher-than-expected US PCE data pushed the DXY near an 8-day high around 99.13 and raised expectations of further Fed rate hikes—an environment that tends to pressure risk assets like cryptocurrency. From a technical perspective, if SOL continues to face rejection below the 102–103 USDT level, I anticipate a pullback to test the EMA34 around 98.1, followed by a further decline toward the 95.5–96.5 USDT zone. The bearish scenario would be invalidated if SOL breaks out and firmly holds above 103 USDT.