Solana just gave bulls a serious reality check.
On the 1-hour chart, SOL/USDT is around $99.82, down 3.13%, after a sharp sell-off from above $103. The move accelerated once price slipped below the $102 area, and the candles are now clearly trading under the falling moving-average band.
But there’s one thing I’m watching closely.
SOL wicked down to roughly $98.50 before bouncing back toward $100. That means buyers are still reacting around this zone — but one bounce isn't enough to call a reversal.
$98.50–$99.00 = critical support.
If that breaks with strong selling, the downside could open further.
On the other side, $101.90–$102.30 is the first major reclaim zone. Until SOL gets back above it, every bounce could simply be another opportunity for sellers to step in.
There’s no need to force a fancy chart pattern here. The trend is bearish, momentum is weak, and sellers currently have control.
Bullish: 15/100
Neutral: 20/100
Bearish: 65/100
Setup: Weak
The interesting part starts if SOL holds $98.50 and reclaims $102. Lose the support, and the chart could get much uglier.
