Solana has not hit the bottom yet, and this is where Real SOL’s rally could begin

the Solana price It faced significant upward pressure as broader market sentiment turned bearish following Trump’s rhetoric on the ongoing war. After losing the key support area, the SOL is now trapped below the resistance level, which may resemble a distribution, rather than a recovery. However, buyers did not intervene out of conviction, while the price did not recover any critical levels. As long as the SOL price does not regain its lost structure, downside risk still prevails.

Hence, the question that arises now is whether the current correction is another reinforcement or an accumulation.

Solana has lost a key horizontal support area around $110-$120, a level that has served as a strong demand base throughout multiple sessions. Currently, the same level has turned into a resistance level, where a retest may turn into selling opportunities later. Historically, these types of structures tend to decline.

The broader structure shows lower highs continuously forming after failing to reclaim the key resistance between $110 and $120. Moreover, the recovery was very low after the sharp decline due to the weak rebound. Moreover, it is pressing just above the key downside target, highlighting a crucial support level at $50.

This is the level where the previous consolidation occurred with strong demand, and where the risk reward becomes attractive again. Therefore, the trade group indicates that the SOL price may continue to stay within the range and start breaking down in the demand zone.

Collectively, Solana is trading below the broken structure and remains a market waiting for confirmation, not a bottom market. Failure to reclaim $100-110 keeps the pressure intact, while a break below the range opens a move towards first $60, then $50, the main accumulation area. Even then, each bounce will likely be a lower high in the formation, rather than the beginning of a new high.