Technical Outlook: SOL Attempts Recovery, but Broader Trend Remains Bearish Solana is attempting a short-term recovery after defending the $67–68 demand zone, with price rebounding toward $70.9. While buyers have regained some momentum, SOL continues to trade below all major moving averages, keeping the broader trend firmly bearish. 📈 EMA Structure (Bearish) 20 EMA: $71.08 50 EMA: $75.26 100 EMA: $82.03 200 EMA: $97.86 Price remains below all four major EMAs. The 20 EMA is acting as the first dynamic resistance. The 50, 100, and 200 EMAs continue to slope downward, confirming the prevailing bearish trend. 👉 SOL needs to reclaim the $71.1–75.3 resistance zone to shift short-term momentum in favor of the bulls. 📐 Fibonacci & Market Structure Price remains well below the 0.236 Fibonacci level at $111.18, confirming the macro trend remains bearish. The recent bounce from the $67–68 support zone suggests buyers are attempting to establish a short-term base. However, SOL continues to print lower highs, meaning no confirmed trend reversal has occurred. A relief rally could target: $71.10 $72.50 $75.26 (50 EMA) $82.03 (100 EMA) Failure to hold current support could lead to: $68.00 $67.00 $63.00 if selling pressure resumes. 🧠 ICT / Smart Money View Sell-side liquidity below recent lows has largely been swept, leading to the current relief bounce. Multiple Fair Value Gaps (FVGs) remain above current price and may act as magnets if bullish momentum continues. Market Structure Shift (MSS) remains bearish despite the recent recovery. Current price action appears to be a corrective rally within a larger downtrend rather than a confirmed bullish reversal. 📉 RSI Momentum RSI (14): 47.5 RSI has recovered significantly from oversold conditions. Momentum is improving but remains below the neutral 50 level. A move above 50 would strengthen the case for a short-term continuation toward higher resistance. 📊 Key Levels 🔴 Resistance $71.08 (20 EMA) $72.50 $75.26 (50 EMA) $82.03 (100 EMA) $97.86 (200 EMA) 🟢 Support $70.00–70.90 (Immediate support) $68.00 $67.00 $63.00 (Major support) 📌 Final Outlook SOL is showing encouraging signs of stabilization after bouncing from the $67–68 support zone, with RSI improving and buyers regaining some short-term control. However, the broader market structure remains bearish as price continues to trade below all major EMAs and key Fibonacci resistance levels. ✅ A sustained move above $71.1–75.3 would improve the short-term outlook and could trigger a recovery toward $82. ✅ Reclaiming $82 would be the first meaningful sign that the broader trend is shifting bullish. ❌ Losing the $70–68 support zone could expose $67–63 in the next leg lower. Overall Bias: Bearish to Neutral. Short-term momentum is improving, but bulls must reclaim the EMA resistance cluster before a stronger recovery can be confirmed. $SOL ‌

$SOL triggered a notable short liquidation event, forcing bearish traders to cover positions as price pushed higher and bullish momentum accelerated The $2.42K short squeeze confirms growing buyer demand and signals that sellers are losing control of the short-term trend EP 70.20 - 71.00 TP TP1 72.50 TP2 75.00 TP3 78.50 SL 68.80 Liquidity was taken above recent highs, clearing short positions and creating additional buy-side pressure across the market The recent squeeze suggests buyers are aggressively reclaiming control, while the removal of bearish leverage supports the potential for further upside continuation As long as price remains above the reclaimed breakout zone, the bullish structure stays intact and favors continuation toward higher resistance levels A decisive break above 72.50 could attract fresh momentum traders and accelerate the move toward the next liquidity targets The short squeeze reinforces positive market sentiment and highlights renewed bullish participation in $SOL Let’s go $SOL ‌

$SOL shows signs of going to $100 in August, mark my words market segment that