🔍 Structure & Trend

  • SOL peaked around $295.8, then formed a lower high and rolled over.

  • Price has been making lower highs and lower lows, confirming a bearish market structure.

  • The recent drop pushed SOL back into the $100–105 demand zone, a psychologically important level.

📉 Indicators

  • Parabolic SAR dots are above price, signalling the trend is still bearish.

  • Volume has declined compared to previous rally phases → suggests weak buying pressure.

  • Monthly performance metrics show sustained weakness:

    • 30D: -17%

    • 90D: -44%

    • 1Y: -56%

đŸ§± Key Levels

  • Support:

    • $96–100 (recent monthly low & psychological support)

    • Below that, risk opens toward $85–90

  • Resistance:

    • $116 (previous breakdown area)

    • Stronger resistance near $180

🧠 Market Read

  • This looks like a post-distribution phase after a failed recovery rally.

  • Price is consolidating near the bottom, which can mean:

    • Either base-building before a bounce

    • Or continuation lower if $100 fails