SOL has definitely started to trend downward this week. $SOL
It was still around $122 near the 5th, but by the 9th it had dipped to $105–106 intraday and closed around $109. This isn’t a shakeout anymore—it’s a breakdown and a move lower.
If there’s a short-term rebound, watch whether resistance around $112–115 holds. If it does, this is still a continuation of the downtrend, so don’t rush to call it a bottom.
NFTs and meme coins are also very active on Solana, but that doesn’t change this price structure.
If the $105 breakout level gives way, the price could keep falling. Don’t try to catch a falling knife—wait for a convincing candlestick signal that the decline has stopped before considering an entry.
Disclaimer: The above is based only on publicly available data and a review of market price action. It is not investment advice.
Don’t treat this as a buy or sell signal.
It was still around $122 near the 5th, but by the 9th it had dipped to $105–106 intraday and closed around $109. This isn’t a shakeout anymore—it’s a breakdown and a move lower.
If there’s a short-term rebound, watch whether resistance around $112–115 holds. If it does, this is still a continuation of the downtrend, so don’t rush to call it a bottom.
NFTs and meme coins are also very active on Solana, but that doesn’t change this price structure.
If the $105 breakout level gives way, the price could keep falling. Don’t try to catch a falling knife—wait for a convincing candlestick signal that the decline has stopped before considering an entry.
Disclaimer: The above is based only on publicly available data and a review of market price action. It is not investment advice.
Don’t treat this as a buy or sell signal.