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SOL is still in a clear short-term downtrend. The price is making lower highs and lower lows. Sellers are still in control overall. The bounce from $89 exists, but it’s not strong enough yet to call it a reversal. Right now, this is stabilization after a breakdown, not a confirmed recovery.
Key Levels That Matter
Resistance Zones
$97–100 → Previous support, now strong resistance
$108–110 → Breakdown level and supply zone
Support Zones
$89–90 → Immediate support (recent low)
$85–87 → Strong demand zone below
These levels are important because the price has reacted here before.
Bullish Scenario (Only If This Happens)
SOL holds above $89.
The price starts forming higher lows on the 1H chart.
It breaks and holds above $97.
If this happens, a relief move toward $108 is possible.
But be clear: This would still be a bounce, not a full trend reversal.
Bearish Scenario (High Risk Zone)
SOL loses $89.
Any bounce gets rejected below $97.
The price moves toward the $85 demand zone.
Below that, the chart opens more downside risk.
Final Thoughts
SOL is oversold, but oversold does not mean bullish. This is a decision zone, not a place for blind longs or emotional shorts. Let the chart confirm first. Patience here is a position.
What do you think SOL does next, bounce or deeper drop?