$SOL
Current State: Heavy Sell-Off
Price is trapped in a clear downtrend, forming lower lows and struggling below key resistance. Sellers are in control.
Key Levels:
· Immediate Resistance: $93 - $95 zone. This is the sell wall.
· Critical Support: $90, followed by $88.
· Bullish Invalidation Point: A strong, sustained reclaim above $95 is needed to invalidate the bearish structure.
Path Forward:
1. Bearish Scenario (Current Bias): While price holds below $92**, the path of least resistance is down. The next targets are **$90 → $88 → $85. A break below $85 opens the door toward the **$74** area.
2. Bullish Scenario: Only a decisive breakout and hold **above $95** would shift momentum, suggesting a potential reversal and opening a path toward higher targets like $108. This is not the current reality.
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