SOL is trading around the mid-$80s range, and some traders believe the current chart structure may still need another downside test before a stronger reversal can develop.
One bearish scenario being discussed is a move toward lower support zones, with analysts arguing that the market has not yet formed a fully confirmed bottom structure.
At the same time, others continue pointing to Solana’s long-term ecosystem growth and strong market activity as reasons they remain constructive beyond short-term volatility.
Right now, the main debate is whether SOL is building a base here or still completing the final phase of its correction cycle.