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Currently consolidating tightly within the main support zone of approximately $80 to $84, following a multi-month downtrend that started from a macro high above $250.
After multiple rejections at higher Fibonacci resistance levels, SOL lost its bullish momentum and broke below all major exponential moving averages (EMAs). However, recent price action indicates that the intense selling phase has significantly slowed, with buyers continuously defending at lower levels, while volatility contracts.
The current structure reflects accumulation behavior under the descending trendline resistance, as the market searches for confirmation of direction.