SOL/USDT Technical Analysis: Consolidation After a Sharp Drop

On the chart, we can see a strong previous price drop followed by consolidation. The marked zones represent the key resistance area, where the price has faced multiple rejections, and the support area, where several bounces have occurred. Currently, the price is in the middle of this range, indicating liquidity accumulation without a clear direction. A breakout above resistance could signal further recovery, while a breakdown below support could indicate a continuation of the downtrend.