Looking at $SOL on the weekly chart right now — it's been grinding inside this big descending channel, inching closer to that lower trendline support zone. Yeah, we've seen a bounce off recent lows, but the overall structure? Still leaning bearish.



Here's the thing: there's a decent chance price could sweep down to tag that lower boundary one more time before any real reversal kicks in. That's where things get interesting. If buyers actually show up at that level with conviction, we might finally see a meaningful shift in momentum. But until then, the path of least resistance still points downward. Keep an eye on volume and how price reacts near that support — that'll be the tell.
SOL2.69%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
HashRatePhilosophervip
· 6h ago
SOL probably needs to drop one more time before it bottoms out; all the rebounds are just illusions.
View OriginalReply0
CoconutWaterBoyvip
· 6h ago
This downward trend of SOL still has to grind on; all the rebounds are fake.
View OriginalReply0
LazyDevMinervip
· 12-05 20:15
SOL needs to drop one more time; let's talk about waiting for a rebound later.
View OriginalReply0
FloorSweepervip
· 12-04 18:09
SOL still needs to keep dumping, wait for the moment to buy the bottom.
View OriginalReply0
NeverVoteOnDAOvip
· 12-04 15:00
This downward channel for SOL is really annoying. Is it going to drop again to test the support...?
View OriginalReply0
fork_in_the_roadvip
· 12-04 14:56
Is SOL going to keep dropping? It's a bit of a headache to watch... Whether it can hold that bottom support area is really crucial.
View OriginalReply0
BearWhisperGodvip
· 12-04 14:54
SOL has to break the previous low once more. Whether it can hold steady this time depends on the determination of the buyers.
View OriginalReply0
CodeSmellHuntervip
· 12-04 14:46
SOL still needs to drop one more time before it can rebound; it's not that simple.
View OriginalReply0
RugPullAlertBotvip
· 12-04 14:43
Is SOL going to keep dropping? Can the support level below really hold? Honestly, I'm a bit afraid it might break through.
View OriginalReply0
MeltdownSurvivalistvip
· 12-04 14:40
Is SOL about to hit a new low again? Bro, now it really depends on the buying power.
View OriginalReply0
View More
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)