Solana is entering a critical phase on the higher timeframe as weekly market structure continues to weaken.
After losing the 200 EMA on the weekly chart,$SOL
SOL has transitioned from trend continuation into a defensive market environment. Price is now trading below all major moving averages, confirming that sellers currently maintain structural control.
The key level to monitor remains the $78 support zone. A confirmed breakdown could expose liquidity pockets near $65 and potentially the $48 macro demand area, especially if broader crypto market conditions remain fragile.
While oversold signals are beginning to appear, historical market behavior shows that assets can remain oversold for extended periods during bearish cycles. This makes confirmation more important than anticipation.
At this stage, rallies should be evaluated carefully until higher timeframe resistance levels are reclaimed and market structure improves.