🚨 $SOL SOL is approaching a key resistance after its recent bounce.
• Solana has recovered from the $60–62 lows, but the broader structure remains bearish.
• The $76–77 level is the first major resistance and coincides with previous support turned resistance.
• A rejection here could send SOL back toward the $48 demand zone, where stronger buying interest may emerge.
• To shift momentum back in favor of bulls, SOL needs a decisive break and close above $76–77.
• Until then, the current move looks more like a relief rally within a larger downtrend.
📉 Bulls need to reclaim resistance. Otherwise, the probability of another leg lower remains elevated.
• Solana has recovered from the $60–62 lows, but the broader structure remains bearish.
• The $76–77 level is the first major resistance and coincides with previous support turned resistance.
• A rejection here could send SOL back toward the $48 demand zone, where stronger buying interest may emerge.
• To shift momentum back in favor of bulls, SOL needs a decisive break and close above $76–77.
• Until then, the current move looks more like a relief rally within a larger downtrend.
📉 Bulls need to reclaim resistance. Otherwise, the probability of another leg lower remains elevated.