$SOL Testing Channel Support
$SOL is currently sitting near the lower boundary of its price channel, a level where buyers stepped in during previous pullbacks. The area around $86–$87 is acting as support for now.
A move back above $88 would suggest buyers are regaining control. If support fails and price closes below $85, the current structure would likely weaken.
Recent price action also shows a series of slightly higher lows, which can sometimes signal early stabilization after a downtrend.
Traders are watching this area closely to see whether support holds or breaks.