🔥 $SOL WATCH

At present, it seems like Solana is on the cusp of either breaking up or down. i.e. -31% price decrease this month, currently at **$83-$84**. RSI on the weekly is at 30.7 (below 30.7), thus showing oversold conditions and providing possible historical bottoming signals. If SOL drops below $80-$85 range, SOL price could potentially drop to $68-$70 range. If SOL is able to stay level at current prices could see a mean reverting move back to $91-$107.

Technical indicators (price below both 50 and 200 day SMA) are still bearishly biased but have shown the sellers may be starting to run out of steam with sellers. Daily close above $89.30+ with volume will provide bulls with confirmation to move forward with trading aggressively.

SOL's fundamentals are also starting to improve as well. Recently, the first SOL ETF reached over $1 billion AUM. The Alpenglow consensus upgrade is expected to launch in the second half of 2026. Breakpoint Abu Dhabi is scheduled to take place in December 2026. There are catalysts present, but the technology needs to deliver.

Disclaimer: This is not a Financial advise. DYOR

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