$SOL is down 1.21% over the past 24 hours—not much to make of on a single-day view. But the picture changes over 7 and 30 days: down 2.38% over 30 days, versus 5.32% over 7 days. September’s sideways trading managed to hold above 110, but over the past week it slid straight from just above 120 to around 103, with two closes near the 24-hour low. More concerning to me than the decline is the volume: daily trading volume shrank from 6.83B in September to 1.7B on October 18. As the price drifts lower, we haven’t seen a surge in volume signaling a bottom, nor a capitulation-style selloff—just liquidity gradually drying up.
$SOL is still 64.68% below its ATH of 293, and is down 44.32% over the past year. This isn’t a point where the fundamentals need to be reassessed; it’s a point where we need to see whether capital will come back. The key levels to watch are simple: the 24-hour low at 101.41, and the 100 round-number level just below it. If 101–105 holds, expect a range; if 101 breaks with volume picking up, it’s time to change your approach.
Your holding period determines how you should read the chart right now: from a short-term perspective, $101–105 is a stop-loss or exit zone, and if support breaks, preserving your capital comes first. From a swing-trading perspective, what you want to see isn’t a small bounce, but volume drying up near $101 and then starting to rise again. Until then, don’t rush to buy the dip in spot. What timeframe are you using to look at $SOL ? Let’s discuss in the comments—and share the levels you’re watching right now.
$SOL is still 64.68% below its ATH of 293, and is down 44.32% over the past year. This isn’t a point where the fundamentals need to be reassessed; it’s a point where we need to see whether capital will come back. The key levels to watch are simple: the 24-hour low at 101.41, and the 100 round-number level just below it. If 101–105 holds, expect a range; if 101 breaks with volume picking up, it’s time to change your approach.
Your holding period determines how you should read the chart right now: from a short-term perspective, $101–105 is a stop-loss or exit zone, and if support breaks, preserving your capital comes first. From a swing-trading perspective, what you want to see isn’t a small bounce, but volume drying up near $101 and then starting to rise again. Until then, don’t rush to buy the dip in spot. What timeframe are you using to look at $SOL ? Let’s discuss in the comments—and share the levels you’re watching right now.