solreview

When the market has been living in a liquidation cascade mode for several weeks, support levels cease to look like something monolithic. $SOL was no exception: after aggressive growth earlier, we are now observing a phase where every bounce is used by some participants to secure profits and reduce risk. The range around $130 is gradually turning into not a support but a zone where sellers feel confident and prepare the ground for a new round of decline. Against this background, the expectation of the price going below $130 over the weekend seems not shocking, but a logical continuation of the already started unloading cycle.