$SOL Now 🔥
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SOL
82.76
+0.90%
Post
$SOL Testing Resistance — Downtrend Still Intact 👀
Solana is currently trading around the $85–$88 region after a prolonged correction from the previous $140–$160 distribution range. Despite the recent stabilization near support, the higher-timeframe structure remains bearish with price continuing to form lower highs and lower lows on the daily chart.
From a structural perspective, the market recently rejected from the $95–$105 resistance zone and is now consolidating below the value area. If price pushes back toward that supply region again, it could present a liquidity sweep before the next move lower toward the $55 demand area.
RSI remains around the neutral zone while volume has decreased following the recent drop, suggesting momentum is still weak. Unless SOL reclaims the $100 level, the broader bearish structure remains intact and further downside continuation toward lower liquidity zones remains possible.
$SOL
{spot}(SOLUSDT)
Solana is currently trading around the $85–$88 region after a prolonged correction from the previous $140–$160 distribution range. Despite the recent stabilization near support, the higher-timeframe structure remains bearish with price continuing to form lower highs and lower lows on the daily chart.
From a structural perspective, the market recently rejected from the $95–$105 resistance zone and is now consolidating below the value area. If price pushes back toward that supply region again, it could present a liquidity sweep before the next move lower toward the $55 demand area.
RSI remains around the neutral zone while volume has decreased following the recent drop, suggesting momentum is still weak. Unless SOL reclaims the $100 level, the broader bearish structure remains intact and further downside continuation toward lower liquidity zones remains possible.
$SOL
{spot}(SOLUSDT)