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I am watching SOL's recent movements and it's quite interesting. A few days ago, it dropped to $82 , but now it has bounced back around $85.60. Over the past week, it has seen a 3.51% decline in 7 days, but in the last 24 hours, it appears slightly positive.
What catches my attention are these liquidity clusters. Above, near $95 , there is a significant resistance zone, and below, between $78 and $85 , there is also considerable liquidity. If this lower level breaks, the price could be pulled further down. But for now, $83 is showing an important mid-range support.
If buyers can hold $83 , SOL could look again toward $90 . This will keep the short-term structure strong. But if this level breaks, sellers might take control. SOL's characteristic is that it has historically recovered from severe shocks — it even survived the 2022 FTX crisis.
The last time it fell to $82 , it recovered back to $94 within three days. This indicates that some buying power still remains. If support completely breaks, levels around $59 could be seen, but for now, that seems far off. The market is currently uncertain, but small support levels are still holding.