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SOL's recent performance has indeed been somewhat challenging. After dropping from a high of over 240, it has been consolidating. Currently, the price is fluctuating around the 130-136 region, which honestly has become a short-term bottom area.
The previous resistance zone at 185-200 was not maintained, leading to a shift in the overall structure from bullish to neutral or slightly weak. However, the good news is that the current price is still above the historically strong demand zone at 128-132, providing some support.
After such a long period of adjustment and decline, Solana now depends on whether it can hold steady around 130. Although the downward momentum is indeed slowing, frankly, the overall structure below 150-160 still appears somewhat weak. The future directional movement will depend on whether it can stabilize in this critical demand zone.