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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Decoding onchain data for everyday investors 📊
Whale tracking 🌐 Exchange flows 🌐 Smart money 🌐
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Join our telegram: t.me/onchainnewsblog
Whale tracking 🌐 Exchange flows 🌐 Smart money 🌐
DMs open for new projects. 📩
Follow us on X: x.com/OnchainDecoded
Join our telegram: t.me/onchainnewsblog
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.