One thing that still stands out to me on $SOL is how different the structure looks compared to BTC and ETH.
While BTC and ETH both managed to build stronger ascending structures off the February lows, SOL has spent the last few months moving sideways inside the same range without much real trend expansion.
There’s a big difference between consolidating after strength and ranging after a major breakdown.
So far, every push toward the $98 area keeps getting rejected back into the middle of the range, while support around the high-$70s to low-$80s continues getting tested repeatedly.
Usually, when a market keeps leaning on the same support level without showing stronger upside continuation, it increases the risk of a breakdown if broader market weakness starts picking up.
And with an asset like SOL, momentum tends to move aggressively once positioning starts unwinding.
At this point, the range could either be long-term accumulation or redistribution before another move lower. For now, I’m leaning more toward the second scenario.
