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SOL has recently shown a clear weakness compared to the overall market. Its strength or weakness is the most obvious bearish signal.
Even if the market experiences a slight rebound, it always lags behind; once the broader market weakens again, SOL is likely to lead the decline, with more room to fall.
In the short term, the outlook is clearly bearish, and traders can consider gradually shorting on each rebound.
Trading suggestions:
Look for opportunities to short near the 84-85 range, with targets around 80.5–79.5. If it breaks below 78, further downside extension can be expected.