🚨 $SOL Monthly Structure Breakdown 🚨
On the 1M timeframe, Solana printed a macro top near $295.83 — that was the euphoric phase. Since then, structure has clearly shifted.
📈 Phase 1: Expansion
Strong impulsive rally → vertical breakout → momentum peak around $295.
📉 Phase 2: Distribution
Multiple upper wicks near the highs = heavy selling pressure. Smart money unloading into strength.
🔻 Phase 3: Markdown
Now printing consecutive red monthly candles. Lower highs + lower lows confirm bearish macro structure.
💰 Current Price: ~$80
This is a critical historical zone.
What matters next?
• If this level holds → potential accumulation & long-term base formation.
• If it breaks decisively → next liquidity pocket sits much lower.
Monthly charts don’t lie. This is where patience pays.
Are we building a base… or preparing for another leg down? 👀