$SOL /USDT Market Update

Solana is currently facing short-term bearish pressure after a strong rejection from the $103–$106 resistance zone. On the 15-minute chart, multiple failed attempts to hold above this area show that sellers are firmly defending higher prices. This rejection broke the intraday structure, creating lower highs and triggering a sharp sell-off that swept liquidity down to $95.95. That move likely cleared stop-losses below recent lows, which is why we saw a quick bounce afterward. However, this bounce appears more like a relief move than a true trend reversal, as buying momentum remains weak and volume has not expanded meaningfully.

From a broader perspective, SOL is still under higher-timeframe pressure, with recent performance showing consistent declines over the past week and month. As long as price remains below the $103–$105 zone, upside attempts are likely to face renewed selling. Key support lies around $100, then $98.7 and $95.9, while a decisive reclaim above $105 with strong volume would be needed to shift the bias back to bullish. Until then, the market favors patience and risk management, as volatility may continue and sellers remain in control in the short term.