$SOL just lost a trendline that held for months, and now the market is at a major decision point.
Price is sitting around $84.55, but the key question is simple:
Can Solana reclaim the broken trendline, or is this the start of a bigger breakdown?
SOL
83.86
-2.55%
If we see a retest followed by a strong rejection, bearish continuation becomes the higher probability move. In bear market conditions, these breakdowns usually follow through instead of turning into fakeouts.
Right now, the burden of proof is on the bulls.
I’m not interested in catching falling knives until SOL shows real strength again.
Either:
• SOL reclaims the trendline and confirms a deviation
or
• The breakdown gets confirmed and price heads lower
What’s your take — deviation or confirmed breakdown?