$SOL is currently testing the resolve of the bulls. On the HTF, we are seeing a classic retest of the $80.00 support floor. While the immediate trend is bearish (lower highs on the 4H), the Firedancer audit news provides a strong fundamental floor that could prevent a deeper slide.
I’m staying neutral/flat until we see a reaction at the $80.50 level. If we see a strong bounce with volume, it’s a high-probability long toward $87.00. However, a daily close below $80.00 invalidates the immediate bullish thesis and suggests a shift to a "Sell the Rips" environment.
Key Metric: Keep an eye on $SOL /$BTC . If Solana starts outperforming Bitcoin during this consolidation, the breakout will be explosive.
Stay disciplined. Manage your risk. 📈