SOL - Important Chart Update
SOL also touched the key level of 97.5 during this decline, testing the key level of the April 2025 bottom.
While we hoped for a "mid-bear market rally" that could push SOL to the 164-203 range (yellow box above), unfortunately, SOL did not reach this range.
SOL began to fall after testing the 145 EQH, breaking below the minor support around 120 and testing 97.5.
There is a certain probability that 97.5 will be a bottom.
If BTC falls to 73777 in tandem, the corresponding bottom for SOL might be between 100-80 (see chart).
If it rebounds from 97.5 or 80, the upside targets are 120 and 140 respectively.
If BTC ultimately breaks below 73777 in this bear market, SOL is expected to potentially fall below 80. The most important support below 80 is around 50 (not certain to be reached).
I believe SOL will become a very important financial infrastructure in the next round. The decoupling of SOL from Binance is a long-term positive for SOL. If SOL is at 80 or below, I will consider using all my monthly income to buy it until the next bull market begins.
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