After a strong dump, SOL is recovering slowly and weaker than BTC. The current structure is still a lower high – lower low on the 30m timeframe.
The bounce lacks strength, with low volume, indicating that short-term capital has not returned. Sideways movement below the breakdown area is often a sign of late distribution.
If BTC just moves sideways, SOL is very likely to continue being sold off individually.
SOLUSDT
Perp
79.08
-1.22%