Alex Dudov
⬤ Solana's technical setup has weakened significantly after losing its established trading range on the 4-hour timeframe. The breakdown below the Value Area Low isn't just a quick dip—the price is actually staying down there, which tells us sellers are running the show right now. Instead of bouncing back quickly like you'd see with a fake-out, SOL is settling into this lower zone, confirming the bearish move is real.
⬤ The chart shows a well-defined range with clear boundaries at the Value Area High and Low serving as major decision points. After getting rejected from the upper end of the range, Solana took a sharp nosedive and punched through the VaL. What's happening now is concerning for bulls—candles keep forming below this broken support level, proving this isn't just a temporary shakeout but actual acceptance of lower prices.
⬤ Right now, there's really no solid reason to bet on upside action. Solana hasn't managed to climb back above the Value Area Low, which is basically the minimum requirement before you can even start thinking about a recovery or bullish rotation. Until we see that reclaim happen and actually stick, the price structure keeps screaming bearish continuation within this breakdown scenario.
⬤ This breakdown matters because where price accepts relative to value areas pretty much sets the tone for short-term direction. When an asset keeps trading below VaL, it's showing that buyers just aren't interested at what used to be fair value. That's a red flag. For anyone watching Solana, the message is clear: stay patient and don't force trades. Until SOL fights its way back inside the value area and proves it can hold above VaL, the smart play is staying cautious and managing risk carefully rather than trying to catch a falling knife.
Alex Dudov
