📊 Solana (SOL) Technical Analysis – 2026
🕯️ Current Candle Structure
Recent daily candle example:
Open: ~$96
Close: ~$94 (red candle 🔴)
High: ~$97.6
Low: ~$92.4
phemex.com
👉 This shows:
Rejection from resistance
Sellers active near $96–$100 zone
Weak bullish continuation
📉 Trend Overview (Candlestick Pattern)
Market structure shows:
Lower highs + lower lows → Downtrend
Chart Forecasting
Big move:
From ~$250 → crash → ~$80–$120 range
👉 Meaning:
Long-term trend = Bearish
Short-term = Consolidation / sideways
🧠 Key Candlestick Insights
1. Rejection Candles (Upper Wicks)
Long upper shadows near resistance
Indicates:
Strong selling pressure
Failed breakout attempts
2. Accumulation Candles
Long lower wicks near $80–$120 zone
Buyers defending support
👉 This suggests:
“Smart money accumulation phase”