Warning: $SOL Prints Lower High — Sellers Regain Control
Solana pushed above $83.5 but quickly rejected to $82.3, confirming a lower high — a classic bearish signal.
Key levels:
• Resistance: $83.5 (failed breakout)
• Support: $81.5–$82 (critical zone)
• Below: $80 likely gets swept
What this means:
• Rejection at resistance → seller dominance
• Lower highs intact → downtrend pressure continues
• No confirmation of reversal yet
Bull case:
• Reclaim $83.5 → opens path to $85
Bear case:
• Lose $81.5–$82 → downside continuation toward $80
Verdict: Short-term bearish. Structure favors sellers until resistance is reclaimed.