$SOL Early-Month Consolidation & Rally: SOL started the month steady in the $83 – $84 zone before institutional momentum and network network health talk triggered an aggressive, near-vertical bull run.
The Peak: The asset pushed hard to tap a local monthly high near $97.35 around May 12.
Healthy Retracement: After hitting overbought territory, a wave of profit-taking initiated a multi-day cooling period. The price cascaded back downward, finding a comfortable, strong baseline support floor right around the $84 – $85 range.
Current Stance: Over the last few days, buyers have stepped back in, showing defensive strength at the baseline and hinting at a potential accumulation phase for the next structural leg up.