For the last 2 day, I've seen a lot of Solana OG's shill
$SOL
and i decided to go see what the chart says.
$SOL price chart tells the same story, maybe even clearer
$73 rn, hugging the ema20 at $72 which is basically the only thing keeping this from looking completely lost
That $100-$125 zone is the key level on this chart, been relevant since 2021, acted as the pre-collapse top, then flipped to resistance through all of 2022, then became the exact launchpad for the 2024 run to $293
and now its been lost
Price broke below $100 and hasn't looked back, that's not a small thing structurally
RSI at ~50 with the signal line still lagging at 40, same setup as before, not washed yet, which means the pain could extend before buyers step in with real conviction
$75-$80 was supposed to be a reaction zone but its barely holding
Bull case: fast reclaim of $100 and that zone becomes support again, entire structure resets
Bear case: we consolidate under $100 for an extended period and $50-$55 gets put on the table
Not a lot of clean demand visible until you get down to the $50 levels honestly.
Frankly speaking, the chart is in a bad spot, no sugarcoating it