Overview
- SOL trades around $78 after slipping below a major horizontal level, extending the retreat from the $100–$120 range.
- Momentum and participation have faded, with RSI near 25, spot volume down about 15%, and derivatives open interest lower by roughly 3%.
- Immediate supports sit near $76, $72.50 and $68, with broader demand bands highlighted at $65–$75 and $60–$70 and deeper levels noted around $67 and $56 if selling persists.
- Analysts say the bias stays weak below $95, with stronger confirmation of recovery only above the $110–$120 area and later a reclaim of the $140 zone.
- The SOL/BTC pair is testing a multi‑year ascending trendline near 0.0010 BTC, as institutional and on‑chain signals include reported Goldman exposure to SOL, Citi’s on‑chain bill execution, record weekly transactions, and rising TVL in SOL terms.