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📈 $SOL Starting to Stabilize After Adjustment Phase
After several months of price decline, Solana ($SOL) has begun showing positive recovery signals since early March. On the daily timeframe, the price has gradually formed higher lows, indicating that each adjustment has attracted buying interest to absorb selling pressure. This reflects that market sentiment is gradually stabilizing.
Currently, the area around $80 USD is playing an important support role. Whenever the price adjusts near this zone, renewed buying interest appears quite clearly. This suggests that capital is quietly accumulating and investor confidence is gradually recovering.
Notably, this recovery wave is not unfolding in the sharp rally pattern of previous cycles. Instead, the price is moving at a slower and more stable pace, forming a small uptrend channel. Each adjustment impulse is quickly bought up, creating a relatively healthy market structure.
Typically, such a pattern often appears in the early stages of a bottom-forming process following a sharp decline. If this movement rhythm continues to be maintained, $SOL there is every possibility of expanding recovery space in the coming period.
In the short term, the most reasonable scenario remains gains in a fluctuating state, rather than a sharp breakout immediately. The target of the current recovery impulse could move toward the $95 – 100 USD zone, while the $80 USD area should still be viewed as an important level for risk management. $SOL
{spot}(SOLUSDT)