The Cut the price faced more upward pressure as market sentiment increased following Trump’s address on the ongoing war. After losing support, SOL is now trapped under resistance, which would equate to distribution, not recovery. However, the buyers did not enter with a decision, when the price did not return to some critical levels. As long as the SOL price does not regain its lost shape, the downside risk continues.
Therefore, now the question arises whether the current correction is another consolidation or accumulation.
Solana has lost a major horizontal support area around $110–$120, a level that has previously served as a strong base for several trends. Meanwhile, the same level has turned into resistance, while a retest can be a selling opportunity later. In the past, these types of bonds tended to eliminate the downside.
The broader trend is showing a bearish trend forming after it failed to recover from major resistance between $110 and $120. In addition, the recovery was very low after a very low level because of the weak explosion. In addition, it is pushing above the main target, highlighting the most important level at $50.
This is the level at which previous mergers occurred with high demand, where the risk reward becomes attractive again. Therefore, the market suggests that the price of SOL may continue to remain stable and lead to further disruption of the demand space.
Together, Solana is trading below the breakout structure and remains a wait-and-confirm market, not a bearish market. Failure to recover $ 100 to $ 110 will make the door immovable, while a drop below this level will open a move to $ 60 first, then $ 50, which is the most important part. Until then, each jump is a minor one, not the start of a new rally.
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