#solana Important Market Update
Guys pay attention — here is a quick view on $SOL based on the current chart structure.
#SOL previously faced strong selling pressure from the 110–120 zone, and the market dropped heavily toward the 75–80 area, confirming a major bearish phase. Since then, price has been forming a broad consolidation range.
Right now SOL is trading around 87, pushing upward after bouncing from the 80–82 support zone. The structure on 4H shows range movement, and price is now approaching mid-range resistance.
If SOL successfully reclaims and holds above the 90–94 resistance zone with strong volume, momentum can shift bullish toward higher liquidity levels. However, if price fails to break resistance and loses the 80 support, the downside move could extend again.
Bottom Line:
Trend = Range / Recovery Attempt
Support = 80 – 82
Resistance = 90 – 94
Best move for now is wait for a clear breakout above resistance or breakdown below support before taking positions.
Click below to Take Trade.
