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Solana's been getting attention again after crypto trader Bluntz Capital went off on bears this week. The guy was calling out the doom crowd, pointing out how that 77% drop from peak to trough is exactly the kind of capitulation move that can actually reset things before a bounce. Bluntz shared a weekly chart showing SOL near the 90 area with the 200-week MA sitting way above at 103, and RSI in the low 30s, which is weak but not necessarily a death signal.
Meanwhile, analyst Ali Charts has been mapping out the technical picture on shorter timeframes. The 4-hour view shows SOL rotating between defined levels, and Ali's flagging 83.44 as the key zone to watch. If that breaks cleanly, he's eyeing 87.11 and then 90.97 as the next resistance areas where sellers might push back. Right now SOL's trading around 82.43, so we're basically at that decision point. The range-bound action on lower timeframes has been tight, which means if momentum does show up, these levels could matter.
What Bluntz and other traders are wrestling with is whether this recent move is just a temporary bounce or the start of something bigger. The weekly structure shows SOL still below its long-term average, momentum's still pretty quiet, and everything's sensitive to what happens with the rest of crypto. For now, the setup's interesting from a technical standpoint, but follow-through is what'll matter.