We’re seeing another dump reaction across the majors, and Solana isn’t immune. That said, this still looks like reactionary selling within a broader structure, not random collapse.
On SOL specifically:
• Price broke down from a steep corrective channel
• Momentum flushed quickly, which is typical late in corrections
• The $100 area lines up with the top of the prior trend / major HTF support
• A sweep into that zone would still be structurally healthy
A move toward ~$100 would likely be a retest, not a failure. That’s where you’d expect:
• Sellers to exhaust
• Late shorts to press
• Potential for relief or rotation back into the range
If $100–105 holds with acceptance, a relief bounce back toward $125–140 is very reasonable. If it doesn’t, then we reassess. Simple.
Same theme as BTC and ETH:
Volatility is shaking confidence, not invalidating the higher-timeframe picture yet. Let price come into real levels before jumping to conclusions.
On SOL specifically:
• Price broke down from a steep corrective channel
• Momentum flushed quickly, which is typical late in corrections
• The $100 area lines up with the top of the prior trend / major HTF support
• A sweep into that zone would still be structurally healthy
A move toward ~$100 would likely be a retest, not a failure. That’s where you’d expect:
• Sellers to exhaust
• Late shorts to press
• Potential for relief or rotation back into the range
If $100–105 holds with acceptance, a relief bounce back toward $125–140 is very reasonable. If it doesn’t, then we reassess. Simple.
Same theme as BTC and ETH:
Volatility is shaking confidence, not invalidating the higher-timeframe picture yet. Let price come into real levels before jumping to conclusions.
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Join our telegram: t.me/onchainnewsblog
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.