SOL has been trading within a descending parallel channel for an extended period, with price now attempting to stabilise near the lower boundary around the 85 to 90 $ range.

$SOL This area acts as a key short term support and the recent sideways compression increases the probability of a relief bounce, though the broader structure remains clearly bearish. The 110 to 120 region stands as the first meaningful resistance, while a confirmed trend reversal would require a strong breakout above the upper channel boundary near 150 with solid volume. A daily close below 85 could accelerate selling pressure and expose the 70 to 75 zone. In summary, a short term reaction is possible, but without a channel breakout it is technically premature to call a sustained trend reversal.

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