SOL/USDT closed near 89.95 on Binance’s weekly chart after trading between 75.63 and 92.10 for the week. The chart shows the 200-week moving average near 103.55 and a 14-period RSI in the mid-30s, suggesting momentum remains limited. Bluntz described the decline as a capitulation-style move that can clear weak positioning, citing past cycles where large drawdowns preceded rebounds, and traders are debating whether the bounce signals a base or a broader downtrend.
Ali Charts outlined near-term resistance levels, with 83.44 as the breakout level and upside targets of 87.11 and 90.97 if momentum holds. The four-hour view shows price oscillating within defined ranges, making 83.44 a key decision point for the next directional move. If buyers sustain above that band, the next targets come into view; otherwise, there is risk of continued range trading.
For now, Solana trades inside a defined range, and the next directional move depends on whether price can hold above 83.44. The setup remains sensitive to broader crypto risk moves, with upside contingent on momentum and sustained demand.
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