$SOL Technical Outlook: Macro Bearish Structure Intact as Price Approaches Key Demand
Solana ($SOL) has completed a textbook distribution → breakdown → markdown cycle, confirming a broader macro downtrend. The rejection from the 0.786 Fibonacci region near 213 marked the end of bullish expansion and the beginning of sustained selling pressure.
After failing to hold the 0.618 supply zone at 182, SOL formed a series of lower highs, clearly signaling weakening demand. This was followed by decisive losses of the 0.5 (160) and 0.382 (138) retracement levels.
The critical breakdown below 0.236 (111)