Technical Outlook: SOL Consolidates Near Range Support as Bears Retain Control Solana (SOL) is trading around $72.98, continuing to move sideways after its June decline. Price remains below all major EMAs, signaling that the broader trend is still bearish. Meanwhile, RSI remains below the neutral 50 level, indicating weak momentum despite the recent consolidation. 📈 EMA Structure 20 EMA: $75.11 50 EMA: $75.93 100 EMA: $79.30 200 EMA: $91.75 SOL is trading beneath all key moving averages, confirming that sellers still dominate the higher-timeframe trend. A sustained move above the 20 EMA would be the first indication of improving short-term momentum. 📐 Fibonacci & Market Structure SOL is consolidating just above the $70–73 support zone after failing to hold above nearby resistance. The broader market structure remains neutral to bearish while price stays below the 0.236 Fibonacci level at $104.02. A breakout above the current range would improve sentiment, while reclaiming the 0.236 level would be needed to confirm a larger trend reversal. Bullish Targets $75.11 (20 EMA) $75.93 (50 EMA) $79.30 (100 EMA) $104.02 (0.236 Fibonacci) Bearish Scenario A loss of the $70 support zone could expose SOL to the $63 demand area. A breakdown below $63 would reinforce the prevailing bearish trend. 🧠 ICT / Smart Money View SOL continues to trade inside a tight consolidation range following June's liquidity sweep. Buyers are defending the lower support zone, but repeated rejections around $74–76 highlight persistent selling pressure. A decisive breakout above this resistance cluster would strengthen the probability of a recovery toward the 20 EMA and higher. 📉 RSI Momentum RSI (14): 42.29 RSI remains below the 50 midpoint, indicating that bullish momentum is still lacking. A move back above 50 would provide the first signal of improving strength. 📊 Key Levels 🔴 Resistance $75.11 (20 EMA) $75.93 (50 EMA) $79.30 (100 EMA) $104.02 (0.236 Fibonacci) 🟢 Support $70.38 $63.00 (major demand zone) 📌 Final Outlook SOL remains in a consolidation phase, but the broader trend is still bearish while trading below all major EMAs. Holding above the $70 support zone keeps the recovery attempt alive, though a breakout above the 20 EMA ($75.11) is needed to shift short-term momentum in favor of buyers. Overall Bias: Neutral to bearish, with bullish confirmation only if SOL reclaims the 20 EMA and establishes higher highs above the current consolidation range. $SOL ‌

$SOL mark my words it will dump to $34

$SOL ‌Brothers, Solana is basically “playing dead” right around 72.9 right now! Over the past 24 hours it’s been almost flat (0.00%). This clearly shows the bulls’ attack has lacked strength—every time the main force has repeatedly probed above 73, the shorts have ruthlessly suppressed it! Although in the recent period it hasn’t suffered a macro-level bloodbath like ETH, the market simply can’t break through the 73–74 range-bound box. It’s all being held down by earlier trapped positions and a lack of incremental capital. At the moment, market sentiment is cautious/observing, and the technicals indicate that 73.44 (24h high) is a near-term ceiling resistance; to break above it, you need a major catalyst to come along. In the short term, look for range-bound consolidation and adjustment. The overhead ceiling resistance is in the 73.0–74.0 zone (a dense area of prior highs and key integer levels). Support on the downside is in the 72.5–72.0 zone (recent lows). If 72 is effectively broken, it may seek support further toward the 70 integer level.