$SOL breaks another support level and is preparing to continue its decline within the current cycle. Before continuing its decline, the altcoin may form a retest of the zone of interest.
Market manipulation (short squeeze) provokes a reversal and resumes the downward movement within the global downtrend. The price continues to confirm the bearish structure, breaking through the support level of 82.82.
Zone of interest (break-even area) - 82.82 - 84.15. Before continuing the movement, MM may form a retest and capture liquidity relative to the specified resistance.
There is potential for a decline to 77.9
Resistance levels: 82.82, 84.15, 85.10
Support levels: 77.9
A false breakout of the nearest resistance zone will shift the imbalance towards sellers, which in turn may lead to a further decline to the support of the current trading range.
No financial advice