$SOL has been in a tough spot, dropping from around $104–$105 at the start of the month to a low near $68–$69 on Feb 6, before bouncing back to trade in the $84–$88 range today.This forms a classic "fear capitulation" pattern: heavy sell-off into oversold levels (RSI was deeply oversold), followed by a violent bounce on high volume as dip-buyers stepped in. The shock here? Despite the brutal 30%+ crash earlier this week, SOL refused to break lower and is already attempting to reclaim $90+ resistance classic bottoming behavior in past cycles.
A descending series of red candles from Feb 1–5, accelerating lower.
Feb 6: Massive green candle with long lower wick (hammer/doji reversal) from $68 low to $87–$89 high.
Feb 7: Smaller body, testing support around $84–$85.
If it holds $82–$84 (key demand zone from recent analysis), the next leg could target $93–$100 reclaim, potentially shocking bears who expected sub-$70 continuation. On-chain metrics show accumulation picking up post-dip, with stablecoin inflows supporting liquidity.
This dip-buy zone around $80–$85 could be the "shock" opportunity,history favors $SOL
SOLUSDT
دائم
80.91
-2.74%
roaring back hard after these fear-driven washes. Stay vigilant on volume and $90 breakout! 🚀 #USIranStandoff #WhenWillBTCRebound