Solana’s price is stabilizing at the $100 psychological level after an impulsive sell-off, with the RSI entering extreme oversold territory, signaling a potential relief bounce. Solana is defending the psychological $100 support after losing key volume and structure
RSI below 30 signals extreme oversold conditions and bounce potential. Any rally toward $146 is likely corrective unless structure and value are reclaimed. Solana price has undergone a sharp and aggressive downside move, placing the asset firmly under bearish pressure across multiple timeframes. The recent decline has been characterized by impulsive selling, weak countertrend bounces, and a clear loss of bullish market structure. As price accelerated lower, Solana invalidated several key technical levels, confirming that sellers remain in control of the broader trend. While the overall structure remains weak, the current $100 test is occurring under materially different conditions, with momentum indicators now reflecting extreme exhaustion. This increases the likelihood of a short-term relief rally before the next major directional move unfolds.
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