$SOL Solana (SOL) is currently trading near $84, placing price action at a critical decision zone after a sharp decline from the $103–105 region. The recent sell-off pushed SOL as low as $67.50, followed by a relief bounce, but momentum remains cautious as the market consolidates below key resistance.
On the 4H timeframe, $SOL is forming a sideways structure, indicating indecision between buyers and sellers. The $81–82 zone is acting as immediate support; holding above this level could allow buyers to attempt another push toward $88–90, which aligns with a short-term resistance and prior rejection area. A clean breakout above $90 may open the door toward $97–100.
However, failure to hold the $81 support would increase downside risk. A breakdown could trigger a move back toward $75, and in a bearish continuation scenario, the $70–68 demand zone may be revisited.
Outlook:
$SOL is at a make-or-break level. Traders should watch volume expansion and confirmation around support before entering positions. Risk management is key while price remains inside this consolidation range.
📊 Bias: Neutral to cautiously bullish above $81
⚠️ Invalidation: Strong close below $81
📌 Not financial advice. Trade with proper risk management.
Disclaimer: I am not your financial advisor.
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