02.10.2026 21:00 (Kyiv time) #solana
SOL switched to a correction. From the morning $122.23, the price fell to $119.88–119.90, and from the high of $123.84 — by approximately 3.2%. Thus, the morning impulse is completely extinguished, but the 4-hour trend has not yet been broken. What has changed during the day
The morning breakout took SOL to $123.84, after which profit-taking began.
Current correction low is about $119,39–119,74.
SOL remains approximately 1.1% above the level from 24 hours ago despite a strong pullback.
BTC, ETH, and BNB are also declining, so SOL’s drop is partly due to the broader market. But SOL is correcting more strongly than the large coins.
Scenarios for the next 12 hours
Base (45%):
SOL holds $119,30–119,75 and moves into consolidation at $119,50–121,10. A return above $120,20 will open the way to $120,60–121,10, but for now it will be only a technical bounce.
Negative (35%):
The hourly candle closes below $119,30. Then the targets are $118,45–118,65, and in case of strengthening overall downside — $117,50–117,60. Closing the 4-hour candle below $117,50 will significantly worsen the medium-term structure.
Positive (20%):
The price returns to $120,60 and then closes the hour above $121,10. Next targets — $121,70–122,00 and $122,60. A retest of $123,84 is possible only after a confident return above $122,60 on increasing volume.
Summary:
SOL is in a strong but so far normal correction after an overheated morning impulse. As long as $119,30 holds, the advantage is only moderately bearish. Below $119,30, the path to $118,50 opens; a return above $121,10 neutralizes the correction. The risk of a sharp move overnight is 7.5/10.
This is a subjective interpretation of charts and not advice to buy or sell.