The post SOL Faces Short-Term Pressure as Traders Reassess Momentum appeared on BitcoinEthereumNews.com.

SOL trades below key EMAs, confirming bearish momentum and limiting near-term recovery Cooling futures open interest signals deleveraging, reducing upside despite active activity Persistent spot outflows suggest distribution, raising risk of deeper support tests Solana’s price action has entered a critical phase as traders reassess short-term risk on the 4-hour chart. Recent market data shows SOL/USDT trading under pressure after failing to sustain earlier rebounds. Consequently, technical signals, derivatives positioning, and spot flow data now point to a cautious outlook. Market participants continue to monitor whether current support can stabilize price or trigger deeper losses. SOL Price Trend Signals Growing Short-Term Pressure On the 4-hour timeframe, Solana shows a clear corrective structure. Price trades below the 20, 50, 100, and 200 exponential moving averages. This alignment confirms short-term bearish momentum.  Lower highs and lower lows continue to define recent price behavior. Moreover, the Supertrend indicator remains in sell mode, reinforcing downside bias. SOL Price Dynamics (Source: Trading View) SOL currently trades around the $127 region, which acts as immediate support. A stable hold above this zone could allow a brief recovery. However, sellers still control momentum while price stays below key EMA clusters. Hence, upside attempts face strong resistance near $131 and again near $134. A stronger rejection from these levels may push SOL toward $124. Additionally, a decisive breakdown could expose the $121.7 support zone. This level represents a prior swing low and a key technical reference. A loss there would significantly weaken short-term structure. Futures Open Interest Reflects Deleveraging Phase Source: Coinglass Derivatives data adds context to recent price behavior. Solana futures open interest expanded sharply during earlier rallies. This pattern signaled aggressive leverage entering the market. Significantly, peaks in open interest often matched local price highs. Subsequent pullbacks in open interest aligned with sharp price drops. These…

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Filed under: News - @ December 17, 2025 12:29 pm