I’m seeing SOL make some strange moves these days, like that twitch in the right eye that we keep an eye on—right eye twitching, which could be a sign of something coming up. The coin is currently valued at $84.83, but the feeling is that there’s still something wrong in the air.

What’s happening: SOL broke through that important support zone of $98–$100, and now this area has become heavy resistance. Over the past four months, we’ve lost about 62% of its market value, which is quite a lot. There are some interesting data points — I saw that approximately 1.07 million SOL have recently left exchanges, suggesting some whales are moving to their own wallets. But at the same time, Solana ETFs experienced $11.9 million in outflows, so institutional interest isn’t really there.

The RSI is below 30, that oversold level, but honestly, that doesn’t mean much when fear is taking over. It looks more like a trap for those trying to buy the dip.

The scenarios I see: if the support at $78.50 gives way, then things get ugly, and we could see a drop down to $50. Now, if it manages to hold at $85–$86, maybe a short squeeze happens and an attempt to bounce back to $100. But that’s like a dead cat bounce, you know? The guys who got trapped will use the opportunity to exit with profit.

In the end, SOL is quite volatile right now. I’m monitoring the level $78 as if it were gold; if that doesn’t hold, things could get much worse from here.