Staring at SOL's recent price action these days, to be honest, it's a bit unsettling.

This pattern right here looks exactly like a carefully orchestrated trap. Should retail investors cut their losses or hold? Don’t panic yet—let’s break down the numbers first.

**This news-driven “knife”—who is it really hurting?**

US initial jobless claims have hit a new low again. On the surface, that sounds good—a strong job market. But think about it: with the economy this robust, is the Fed really in a hurry to cut rates? The market was betting on a December rate cut, but this data just threw cold water on that expectation.

What does that mean for crypto? It means expectations for more liquidity are getting pushed back. SOL was already looking weak technically, and this news just adds fuel to the fire. Remember the old saying: in a downtrend, bullish news is often just the last exit before a bigger drop.

**Technicals are laid bare**

Looking at the 4-hour K chart, a few signals really stand out:

- **Trend:** Clearly in a downward channel, no deviation.
- **Multiple layers of resistance:** The 150 level is like a ceiling—it’s been hit several times but never broken. Looking up to 155, 157? Forget about it. The bears are waiting there to sell into any rally. Each bounce into this range gets crushed, showing the bulls have no strength.
- **Support is paper-thin:** Below, 137, 133, 128—each one weaker than the last. The worst part? Volume is shrinking. Fewer buyers, and even sellers aren’t eager to move. What do you call that? A “slow bleed”—the most exhausting kind of downtrend.

Right now, this is a textbook “bearish continuation” pattern. Don’t be fooled by small bounces—they could just be bears passing the baton.