The movement of $SOL continues to be clearly bearish. On the daily chart, the price continues to make lower highs and lower lows and remains below all relevant moving averages (MA7, MA25, and MA99), which shows that there is no sign of reversal at the moment, only a continuation of the trend.

The loss of the region of $SOL 110–115, which acted as support and coincided with moving averages, was an important point. After this break, the market did not react and continued to be pressured, which normally indicates a search for lower supports.

According to the Fibonacci of the macro movement, the region of 75–80 appears as a very clear technical target, close to the 0.236 level, which is usually tested in stronger correction movements within downtrends. Before that, there is a possible intermediate reaction in the range of 85, but so far there is no technical signal that confirms this bottom.

The indicators also do not show relevant divergence:

• RSI and KDJ are pointing downwards

• There is no strong capitulation candle

• The volume increases in down movements, which reinforces selling pressure

This suggests that the market has not yet found a bottom.

My reading is that:

• As long as it is below 110, the bias remains negative

• 80–85 is the main zone to observe possible reaction

• A movement to 75 would not be an exaggeration if the market accelerates, especially if BTC loses support

In summary, I say that:

I still don't see a technical signal of reversal. The chart still looks like a continuation of the decline, and the next relevant supports are much lower than the current price.