$SOL Update — Weekly Structure Still Weak
The down move does not look finished yet.
If you look at how the market closed last week on the weekly chart, you’ll see that sellers are still in control.
For now, I’m focusing only on $SOL .
Over the weekend, the decline stopped at 117.15, which sits slightly below the 62% Fibonacci retracement of the entire 2023–2025 range — a technically important reaction level.
However, if price breaks below, the next major target becomes the Monthly gap zone:
Monthly Gap: 79.33 – 79.61
Midpoint ≈ 56
Key Levels to Watch
• 115.41 — Middle of April 2025 Order Block
• 104.67 — Lower boundary of that zone
• 101.80 — 2024 Opening Level
• 79.61 — Upper edge of Monthly Gap
• 69.60 — 78% Fibonacci retracement
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The structure still favors downside continuation.
This is not a market for aggressive longs — patience and selective positioning matter most.
#sol #solana #MarketSentimentToday
