🔥 Solana (
$SOL ) Hits a Key Support Zone — Is a Bounce Coming?
After weeks of slow downside pressure,
$SOL has finally reached a major Fibonacci support area that traders have been watching for months. This zone, sitting around $81–$82, was always expected to act as a potential turning point — and price has now arrived there.
Since November, the market structure suggested Solana was moving through a corrective phase, not a fresh uptrend. That correction now looks close to completing its first major leg.
However, the story isn’t that simple.
📊 What the charts are telling us
There are two main interpretations right now:
One view says the recent drop already completed a full ABC correction, meaning this zone could become a base for a bigger recovery.
The second — and currently more likely — scenario suggests this is only the first wave of a larger correction. In this case, Solana can bounce from here, but any rally would likely be temporary and corrective, not the start of a new bull run.
In simple terms:
Yes, a bounce is possible. But no, the bottom is not confirmed yet.
Support could still stretch toward the $62 area if the market weakens further.
🚀 What would turn the chart bullish?
For momentum to really shift,
$SOL needs to reclaim $88 and then break above $91.30 with strength.
That would be the first strong signal that buyers are stepping back in with real conviction.
Until that happens, any upside should be treated as a trading bounce, not a long-term trend reversal.
A move back toward $150 (January’s high) is possible over the coming months — but only if price structure improves first.
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