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Solana’s price is pulling back into a short-term area that traders are watching closely, with multiple chart levels indicating whether the current bullish structure can hold or whether the broader correction case strengthens.
More Crypto Online says SOL is moving toward a micro support zone while a broader wave two correction may still be in play. The chart shows SOL trading near $83.53 after a pullback from a recent local high, with price approaching the first key support area around $81.75 to $80.53.
This support band is important because it aligns with several retracement levels on the chart. The structure suggests the decline could still be consistent with a wave two correction if buyers defend support and price remains above $78.81.
The chart also flags $78.81 as the deeper invalidation level for the current bullish interpretation. At the same time, the rebound setup is described as incomplete: SOL has lost a rising short-term support line, which points to weaker momentum.
Traders are therefore likely to monitor whether price stabilizes within the marked support band or continues lower toward the high $78 area. If support holds, the chart indicates room for another move higher after the correction. If SOL breaks below $78.81, the wave count would weaken and the broader pullback case would gain more weight.
BitGuru argues that Solana has shifted away from breakdown fears toward a cleaner recovery structure. The chart cited in the report shows SOL rebounding after the late March decline, then entering consolidation before breaking higher and pulling back without losing the broader recovery shape.
The key focus remains support. The chart notes that SOL rejected from a recent high near $90.95 and moved back toward a mid-range area around $85. However, it still shows SOL holding above a marked reversal zone near $82.
As long as the area around $82 remains intact, the pullback is framed as more of a retest within an uptrend rather than a fresh bearish breakdown. The earlier fall from around $93.45 is described as the base for the current structure, with higher lows forming since then.
In this view, the current dip does not yet cancel the bullish case; it is instead testing whether buyers can defend support after the breakout. If SOL holds the zone, the chart keeps the door open for another move toward recent highs. If support fails, the reversal setup would weaken and the bullish structure would need to be reassessed.

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