We’re seeing another dump reaction across the majors, and Solana isn’t immune. That said, this still looks like reactionary selling within a broader structure, not random collapse.
On SOL specifically:
• Price broke down from a steep corrective channel
• Momentum flushed quickly, which is typical late in corrections
• The $100 area lines up with the top of the prior trend / major HTF support
• A sweep into that zone would still be structurally healthy
A move toward ~$100 would likely be a retest, not a failure. That’s where you’d expect:
• Sellers to exhaust
• Late shorts to press
• Potential for relief or rotation back into the range
If $100–105 holds with acceptance, a relief bounce back toward $125–140 is very reasonable. If it doesn’t, then we reassess. Simple.
Same theme as BTC and ETH:
Volatility is shaking confidence, not invalidating the higher-timeframe picture yet. Let price come into real levels before jumping to conclusions.
