🚨 $SOL is breaking down from a major range.
• Solana has decisively lost the ascending trendline that supported price for months.
• The $82–$95 supply zone rejected every recent rally, confirming strong seller control.
• Price is now trading near $65, with momentum heavily skewed to the downside.
• The next major support sits around $48, which aligns with the highlighted demand zone.
• Until SOL reclaims $80+, rallies may be viewed as relief bounces rather than trend reversals.
📉 The structure remains bearish: lower highs, broken support, and a clear rejection from resistance. Bulls need to defend current levels quickly or risk a move toward the $50 area.
• Solana has decisively lost the ascending trendline that supported price for months.
• The $82–$95 supply zone rejected every recent rally, confirming strong seller control.
• Price is now trading near $65, with momentum heavily skewed to the downside.
• The next major support sits around $48, which aligns with the highlighted demand zone.
• Until SOL reclaims $80+, rallies may be viewed as relief bounces rather than trend reversals.
📉 The structure remains bearish: lower highs, broken support, and a clear rejection from resistance. Bulls need to defend current levels quickly or risk a move toward the $50 area.