SOL has been in a downtrend phase through early March 2026, with repeated rejections at resistance zones (e.g., around $88–$91 earlier, now pushing toward $96–$100).

Price is hovering below key moving averages in many analyses, with bearish structures like lower highs, selling pressure, and range-bound action (recently $84–$88 zones mentioned frequently).

On-chain/derivatives show mixed signals: some negative funding rates (favoring shorts in the past), but also short liquidations dominating in spikes, indicating squeezes can happen.

Broader sentiment: Many traders see downside risk if supports break (e.g., toward $80–$88 or lower), but bounces are possible on oversold conditions or BTC recovery