I just looked at the SOL chart and found the situation quite interesting. The price is currently testing the $76 USD zone, which is a critical point right now. If it holds steady here, the chance of bouncing up to $85-88 USD is quite high. In fact, the price has already touched $87.55, so it seems a recovery is underway.

The megaphone pattern on the weekly chart also caught my attention. It indicates that volatility could still be quite strong. According to Elliott wave analysis, if SOL maintains support above $61.64 USD, a full corrective rally could occur. The $68.02 USD level will be an important threshold to confirm the next move.

The most notable thing is that the long/short ratio still leans toward short. This means that if SOL bounces quickly, there will be quite a few stop-loss orders triggered, creating additional buying pressure. Recent Elliott wave patterns also suggest the potential for a short squeeze, so it's important to closely monitor whether support holds. If it does, this could be a good entry point for those waiting for a recovery.