I'm looking at Solana and see an interesting situation. SOL is currently trading around $85 but has been stuck in a sideways range for some time. The price fluctuates within a corridor roughly from $75 to $92 -; this seems like a formation before a serious move.



I notice that every time SOL tries to break above $90, it gets pushed back down. This indicates to me that there is strong resistance and sellers are in control. On the other hand, the lower boundary of the range is holding for now. Honestly, this looks like a bearish flag within a larger downtrend.

What interests me the most is the weekly chart. There, a historical support zone between $60 and $80 is visible. This is not accidental — this level has been important in previous cycles. If Solana's forecast develops according to a bearish scenario and the price breaks down from the current range, the first serious target will be exactly this zone.

As long as the $60-$80 support holds, there is a chance for recovery and a new accumulation cycle. But if this line fails, corrective pressure could intensify. In short, the key to everything is the asset's behavior near the historical support. Either a rebound and a new rally, or a breakdown below and further decline. For now, we wait for a directional resolution.
SOL-3.47%
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