Signal SOLUSD Sell — H1 - July 16, 2026 00:42 GMT-4
On the H1 chart of SOLUSD, the pair has transitioned from a tight 75‑76 range into a sharp rally that peaked at 78.98 with unusually high volume (2,548 contracts), indicating a breakout driven by short‑term buying pressure. However, the subsequent pullback saw diminishing volume, and the price has been forming lower highs (78.28, 77.84, 77.57) and lower lows (76.88, 76.63), a classic bearish channel. The most recent candles show a failed attempt to reclaim the 78‑level, with the market stalling around 77.0‑77.3 and volume tapering, suggesting waning momentum. Resistance near the 78.0‑78.5 area remains intact, while support is testing the…