Sergey Diakov
⬤ SOL's finally showing signs of life after getting hammered for months. We're seeing the panic selling cool off as price settles into a sideways pattern with a slight upward tilt. After watching Solana bleed from the $240 highs down to the $120-$130 zone, things are stabilizing. The current setup screams accumulation—not some massive breakout brewing just yet.
⬤ Here's what happened: Solana topped out above $240, then got absolutely wrecked by sustained selling that pushed it down to the $120-$130 range. That zone's holding as support though, and that's where things got interesting. The downside momentum ran out of steam, and SOL started building a base. Recent price action's been printing higher lows—nothing crazy, just incremental progress showing sellers are backing off while buyers are stepping in more consistently.
⬤ Volume tells the story too. Heavy selling volume came with the drop (classic distribution), but lately things have quieted down as price compresses near that support level. SOL's been grinding higher slowly instead of pumping hard, which confirms we're still in repair mode. The mid-$160s area from the previous range is still sitting up there as resistance, keeping the bigger picture neutral.
⬤ This matters beyond just Solana because SOL tends to reflect what's happening across altcoins generally. If this base holds and strengthens, it could help rebuild confidence and set up for an eventual trend reversal. But let's be real—until we see SOL reclaim those higher range levels, we're still in accumulation territory, not expansion mode. For now, it's about patience as the market works through this constructive but unconfirmed structure.
Sergey Diakov
