Solana (SOL) Market Analysis: No Changes Yet
At this stage, there are no meaningful changes on the SOL chart. The overall structure remains intact, and the market continues to move within the previously outlined bearish scenario.
Traders who opened short positions earlier can continue to hold them, as price is still firmly consolidating below the former support zone, which has now turned into resistance. This is a key technical signal confirming the weakness of the current structure.
❗️There were multiple attempts to reclaim this level, but all of them failed. On top of that, dynamic resistances from above continue to pressure the price. Given the current broader market conditions, a sustainable bullish move looks highly unlikely in the near term.
Just like with BTC and ETH, I continue to expect a gradual and controlled downside move rather than a sharp impulse.
Nearest downside target: $117
Ultimate scenario: a move toward $100, if market conditions remain unchanged
Until buyers show real strength and reclaim key levels with volume, the bias remains bearish. Trend is still your friend — and right now, it’s pointing down 📉
