SOL is positioned right at a critical demand zone on the daily timeframe after an extended period of selling pressure. The price action has already gone through a sharp correction, and what we're seeing now is telling — the downside momentum is gradually fading, supported by repeated bounces off key support levels.
Below the current price, there's concentrated sell-side liquidity waiting to be tested. This setup typically signals two possible directions: either the demand holds and we see a reversal attempt, or liquidity gets swept and selling continues. The structure isn't decisive yet, but the repeated support reactions are worth monitoring closely for confirmation of reversal intent.
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TerraNeverForget
· 8h ago
Whether SOL can rebound this time depends on whether it can hold this level; otherwise, it will have to go through another round of bloodsucking.
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BanklessAtHeart
· 8h ago
This rebound of SOL looks quite interesting; now it's just a matter of whether it can hold this support level.
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ForumLurker
· 8h ago
Sol has been repeatedly hitting the bottom this wave, which is a bit frustrating to watch... but repeatedly hitting the bottom is a signal; it all depends on whether it can hold.
Solana (SOL/USDT) — Daily Perspective
SOL is positioned right at a critical demand zone on the daily timeframe after an extended period of selling pressure. The price action has already gone through a sharp correction, and what we're seeing now is telling — the downside momentum is gradually fading, supported by repeated bounces off key support levels.
Below the current price, there's concentrated sell-side liquidity waiting to be tested. This setup typically signals two possible directions: either the demand holds and we see a reversal attempt, or liquidity gets swept and selling continues. The structure isn't decisive yet, but the repeated support reactions are worth monitoring closely for confirmation of reversal intent.