The movement of $SOL continues to be clearly bearish. On the daily chart, the price continues to make lower highs and lower lows and remains below all relevant moving averages (MA7, MA25, and MA99), which shows that there is no sign of reversal at the moment, only a continuation of the trend.

The loss of the region of $SOL 110–115, which acted as support and coincided with moving averages, was an important point. After this break, the market did not react and continued to be pressured, which normally indicates a search for lower supports.