SOL - Support Broke, Is This Just a Retest Before The Pump?

Solana just lost a key structural level on the 4H chart — the former range high (~163–166), which had acted as resistance throughout June and flipped to support in mid-July. Price is now sitting just below this zone, forming a weak retest without any real bullish momentum.

This setup often leads to trap scenarios: either a fast reclaim (bullish deviation) or a clean continuation to the next demand. So far, the price is holding below the EMAs and failing to reclaim lost ground — not a bullish look.

📌 Confluence for Further Downside:

Break and close below prior support

EMA 50/100 acting as dynamic resistance

No bullish divergence present (if RSI confirms)

Weak volume on current bounce attempt

If sellers stay in control, eyes are on the next demand zone around 144–146, which supported the last major breakout. Conversely, a clean reclaim above 166 and back inside the range would flip bias neutral-to-bullish.

Bias: Bearish unless 166 is reclaimed
Invalidation: Break above 177–180 (EMA cluster)
Next Key Support: 144–146
Potential Setup: Short on failed retest / Long on demand reaction

Do you see this as a breakdown or a trap? Let me know 👇