Artem Voloskovets
⬤ Solana (SOL) is stuck in a downtrend on the 4-hour chart, currently trading near the bottom of its established range. While the bearish trend doesn't favor aggressive long positions, a range-based setup might work if we see a clear 4-hour market structure break. Right now, SOL is bouncing from recent lows but still trapped within the broader range limits.
⬤ The price keeps getting rejected at the upper resistance while finding temporary support at the lower boundary after sharp drops. This creates a range-bound environment within a larger bearish trend. The recent bounce from support looks more like short-term stabilization than any real trend reversal. Overhead resistance from previous consolidation zones continues blocking upside moves.
⬤ Despite the bounce, nothing has changed structurally. Lower highs still dominate, and buying pressure hasn't shown strength beyond quick mean reversion bounces. Until we get that confirmed 4-hour structure break, any upside movement is just corrective. The chart suggests potential range rotation rather than a breakout, meaning patience is key until we see real confirmation.
⬤ Solana's price action often reflects broader risk appetite shifts across major altcoins. Its failure to reclaim structure keeps the cautious tone alive, while a confirmed range break would signal improving momentum. For now, SOL remains technically constrained, making structure and range awareness critical in this market environment.
Artem Voloskovets
