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Just checked SOL coin price this morning and it's hovering around $86.38, up about 1% over the last 24 hours. The daily range has been pretty tight - bouncing between $84.97 and $86.78 - which tells me the market's still figuring out its next move.
What caught my eye is that Solana has been struggling to hold momentum. Volume's at $55.23M for the day, and while the market cap sits at $49.73B, the bigger picture isn't great - we're down 5.81% this month and 42.83% over the year. That's a lot of bagholders waiting for recovery.
On the technical side, the key resistance everyone's watching is around $91.69. If SOL coin price can break through there and hold, we might see a real bounce. But right now, support is sitting at $67.74, and if bears take control, the next floor is at $60. Some traders are saying SOL has been in a clear downtrend on the 4-hour chart for weeks - lower highs, lower lows. The recent rebound attempt is interesting though. If SOL can reclaim that $90-$95 zone, it could signal a real reversal.
The volatility's pretty low right now (ATR at 6.94), so we're probably not seeing extreme swings unless something major shifts. Either SOL coin price breaks above $91.69 or it dumps below $68.73. One of those two is coming, just a matter of when. Worth keeping an eye on over the next few days.