Solana’s price is stuck in a crucial price range, below $90, after experiencing weeks of steady decline. In times when the broader market structure reflects bearish dominance, with constant lower highs and lows, SOL derivatives have slowly begun to rise. On the other hand, the on-chain data suggests a rise in participation, and this combination usually precedes sharp relief rallies.
While this may appear bearish, markets often bottom when hype disappears. Reduced social chatter can indicate that weak hands have exited, leaving stronger participants in control. If SOL stabilizes while social metrics remain subdued, it may reflect an early accumulation phase. A sustained price breakout accompanied by rising social dominance would strengthen the case for a broader bullish reversal.
Can SOL Price Reclaim $100?
At present, Solana price remains technically in a downtrend, trading below key resistance levels. The $90 zone acts as immediate resistance, while $100 represents both psychological and structural resistance. A decisive breakout above $90, with strong volume, could open the path toward a short-squeeze rally targeting the $100 region.
Until that breakout occurs, the setup remains conditional. Extreme bearish positioning increases squeeze probability, but price structure still requires confirmation. In short, SOL price is at a crucial turning point. Whether it becomes a short squeeze rally or a continuation of the downtrend depends on how it reacts in the coming sessions.
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