Today, Solana (SOL) is navigating a critical "make-or-break" zone. After cracking below the $100 psychological level earlier this week, the price is currently consolidating around $104–$106. While technical indicators like the RSI show SOL is in oversold territory, the overall momentum remains bearish as it trades below its 50-day and 200-day moving averages. Traders are watching for a confirmed base before any trend reversal.

The Possible Next Move

Bullish Case: If SOL holds above $104 and reclaiming the $110 level, it could trigger a "relief rally" toward $118–$124.

Bearish Case: Failure to sustain current levels likely leads to a retest of the recent wick low near $96, with a potential slide toward $84 if Bitcoin remains weak.

Professional Trading Zones

Zone Type,Price Range,Strategy/Notes
Buy Zone (Support),$96 — $100,"Major psychological floor and recent ""capitulation sweep"" area."
Deep Buy (Value),$84 — $88,"Historical liquidity zone; professional ""long"" entry target."
Sell Zone (Resistance),$116 — $120,Immediate overhead resistance; likely area for profit-taking.
Major Resistance,$128 — $132,"Critical level to flip ""bullish"" for a move back to $150+."

Pro Tip: Keep an eye on the $104.07 Pivot Point. Staying above this level suggests intraday strength, while falling below it signals a retest of $100.

#StrategyBitcoinPositionTurnsRed $SOL ‌