Solana is hard to read. There’s a bullish factor - strong divergence from the Monthly 20SMA - but higher timeframes still look bearish.
Key conditions:
• Reclaim November close at 134.4
• Break above 145 (tested multiple times, so likely weak)
Only after that $SOL does a move back to 160, and possibly 175, make sense.
Without these steps, the downside remains the more probable path. If 100 fails, the next major level is ~60.