$SOL /USDT – Trendline Pressure Keeps $80 in Focus
$SOL remains bearish on the H8 chart, with price still below the descending trendline and Ichimoku resistance.
I’m watching the 96.27–103.16 sell zone. A rebound into this area followed by rejection would keep the lower-high structure intact.
🎯 Target: 80.00
Market Context: SOL has now declined for five consecutive weeks, while spot SOL ETFs recorded roughly $71.5M in weekly outflows, the largest withdrawal since launch. Broader risk sentiment also remains defensive.
A sustained H8 recovery above 103.16 would weaken the bearish setup.
AURICVERSE View: the trend still favors sellers. I prefer a rejected retest of 96.27–103.16, with 80.00 as the main downside objective.
#sol #Binance
$SOL remains bearish on the H8 chart, with price still below the descending trendline and Ichimoku resistance.
I’m watching the 96.27–103.16 sell zone. A rebound into this area followed by rejection would keep the lower-high structure intact.
🎯 Target: 80.00
Market Context: SOL has now declined for five consecutive weeks, while spot SOL ETFs recorded roughly $71.5M in weekly outflows, the largest withdrawal since launch. Broader risk sentiment also remains defensive.
A sustained H8 recovery above 103.16 would weaken the bearish setup.
AURICVERSE View: the trend still favors sellers. I prefer a rejected retest of 96.27–103.16, with 80.00 as the main downside objective.
#sol #Binance
