Weak observations on SOL before sleep
23.09.2026 21:00
The warning about a correction confirmed, but the drop turned out to be much deeper. From the morning 119.15–119.20 it fell to 113.12—i.e., by about 5%—and it has now recovered to 114.62–114.66
Base scenario: after solana becomes oversold, it stabilizes within 113.50–116.00; a bounce is possible toward 115.5–116.0, but without a full recovery of the uptrend.
Negative: about 35%: a retest of 113.10. If this minimum is broken with increased volume, the next area will be 111.50–112.00, and in the worst case—around 109.5–110.
Positive: about 15%: a return above 115.80, followed by consolidation over 117.20, which would weaken the bearish scenario and open the possibility of a rebound to 118.50–119.50.
So, right now solana is already oversold on lower timeframes, so a technical bounce is quite possible. However, 4H still suggests that the correction hasn’t finished completely yet. The most important test is whether the 113.10–114.20 zone holds and whether the price can move back above 115.80.
This is a subjective interpretation of charts and is not financial advice regarding buying or selling.
$SOL
23.09.2026 21:00
The warning about a correction confirmed, but the drop turned out to be much deeper. From the morning 119.15–119.20 it fell to 113.12—i.e., by about 5%—and it has now recovered to 114.62–114.66
Base scenario: after solana becomes oversold, it stabilizes within 113.50–116.00; a bounce is possible toward 115.5–116.0, but without a full recovery of the uptrend.
Negative: about 35%: a retest of 113.10. If this minimum is broken with increased volume, the next area will be 111.50–112.00, and in the worst case—around 109.5–110.
Positive: about 15%: a return above 115.80, followed by consolidation over 117.20, which would weaken the bearish scenario and open the possibility of a rebound to 118.50–119.50.
So, right now solana is already oversold on lower timeframes, so a technical bounce is quite possible. However, 4H still suggests that the correction hasn’t finished completely yet. The most important test is whether the 113.10–114.20 zone holds and whether the price can move back above 115.80.
This is a subjective interpretation of charts and is not financial advice regarding buying or selling.
$SOL
