From a macro perspective, SOL has confirmed its entry into a deep retracement phase. The peak area in 2025 is between $260 and $300, and the current price has fallen back to around $80, essentially retracing more than 60% of the previous major upward wave, with the trend officially switching from 'high-level fluctuations' to the bottom-seeking phase of a downtrend.

Structurally:

Daily highs continue to decline, with lows being consistently breached, indicating a systematic failure of the bullish defense line.

The most recent long bearish candle with high volume broke through previous horizontal support (around $100–110), which is a signal of trend acceleration.

Key positions:

First support: $70–75 (current range, short-term speculation level)

Strong support zone: $55–60 (previous bull market starting zone + dense trading area)

Extreme defense: $40–45 (2023 platform area, bull-bear boundary)

Resistance level:

$90–95 (resistance after the breakdown)

$120 (medium-term resistance that cannot be surpassed before trend reversal)

Operational thoughts (considering your 40% position, average price 165):

It is not recommended to blindly add positions around $80.

If it bounces back to $90–100, consider reducing pressure or hedging.

The area truly worth adding positions for the medium to long term is around $60±5.

After breaking below $55, prepare psychologically and financially for the $40 range.

In summary:

SOL is currently still in the bottom-seeking phase of a downtrend. $80 is not a safe bottom; below $60 is the real value speculation zone in the medium term.