🚨 $SOL at Critical Support: Liquidity Sweep or Capitulation?
Solana market structure is facing a decisive test. After rejecting the $145–$150 supply zone and maintaining a strict descending channel of lower highs, price action is now compressing into the major demand block at $75–$85.
Why This Matters:
This zone represents historical accumulation. Bulls must defend the structure here; otherwise, the medium-term trend faces invalidation.
The Setup:
- Bullish Scenario: If $SOL holds this floor, we are looking for a relief bounce targeting liquidity at $105–$115.
- Bearish Scenario: A breakdown below $75 confirms seller dominance, likely extending the drop toward $65.
Watch the order book depth closely. This is a make-or-break moment for the trend.