Price action on SOL is currently sitting around the $87 zone after a noticeable drop from higher levels. The recent break below the ascending trendline suggests a shift in momentum, with the market no longer showing strong bullish structure for now.
The $124 level, which previously acted as support, is now being watched as a key resistance area. On the downside, price is holding above the $85 region, with $70 remaining a lower support zone if weakness continues.
At the moment, the market appears to be in a consolidation phase, with no clear directional bias. A move above resistance or below support will likely determine the next trend.