SOL is sitting around $80.5 right now. After getting slammed down from $148, it’s been stuck in a pretty clear downtrend lower highs, lower lows, the whole deal. That $148 area is basically a brick wall for now.
When the price dropped hard to $67, buyers jumped in and managed to push it up a bit, but the bounce hasn’t been convincing. SOL keeps running into trouble near the $85–$90 zone, and sellers aren’t letting up. The spike in trading volume during the sell-off looked more like people rushing for the exits than any kind of healthy trading.
The RSI’s hanging around 26, deep in oversold territory, so you might get a quick bounce here or there. But honestly, just because it’s oversold doesn’t mean it’s ready to turn around structure still matters.
Right now, SOL’s just working through a correction. Unless it can break back above those higher resistance levels, the downtrend isn’t over. If you’re trading this, keep an eye out for some sideways action or consolidation before betting on any real upside.
