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Solana (SOL) is currently testing a "make-or-break" floor near $80–$85. While network activity remains high with the upcoming Alpenglow upgrade, technical pressure from recent ETF outflows and legal headlines has pushed the price into a fragile, bearish consolidation phase.
Next Possible Move
Bullish Scenario: A strong bounce from the $80 demand zone could lead to a relief rally toward the $95 resistance.
Bearish Scenario: A daily close below $78 would likely trigger a deeper correction toward the next major psychological support at $50.
Professional Trading Zones
Zone Type,Specific Price Levels,Action / Sentiment
Sell Zone (Resistance),$95 – $98,"Key supply area; traders are looking to ""short"" or take profits here."
Pivot Point,$88,The immediate hurdle; reclaiming this level is necessary for bullish momentum.
Buy Zone (Support),$80 – $83,"Strong historical demand; professional traders are looking for ""long"" entries."
Deep Support,$70 – $72,"Capitulation zone; major ""buy-the-dip"" area for long-term investors."
#sol $SOL