Lunardrift
SOL Technical Outlook: Solana Attempts Recovery After Deep Corrective Decline
Solana remains within a broader corrective structure after facing strong rejection from the $224–$253 macro supply zone, where price topped near the 0.786–1.0 Fibonacci levels. This rejection marked a clear distribution phase, ending the prior bullish impulse and initiating a prolonged downside move.
The selloff accelerated once SOL lost the $201–$185 region (0.618–0.5 Fib), confirming a bearish structural shift and turning this area into a major overhead resistance zone.
EMA Structure (Bearish With Early Stabilizati
Solana remains within a broader corrective structure after facing strong rejection from the $224–$253 macro supply zone, where price topped near the 0.786–1.0 Fibonacci levels. This rejection marked a clear distribution phase, ending the prior bullish impulse and initiating a prolonged downside move.
The selloff accelerated once SOL lost the $201–$185 region (0.618–0.5 Fib), confirming a bearish structural shift and turning this area into a major overhead resistance zone.
EMA Structure (Bearish With Early Stabilizati
SOL1,97%
