Just been watching SOL action and there's some interesting tension in the market right now. The 7 day chart is looking rough with a 10.83% drop, but you're seeing some traders like Bluntz pushing back hard on the bearish narrative. His take is pretty straightforward - after that kind of sharp pullback, you often get capitulation moves that can actually set up rebounds rather than confirm further downside.

Looking at the technicals, SOL is currently sitting around 82.64 and the key question seems to be whether we can hold above 83.44. If that level breaks, analysts are eyeing 87.11 and potentially 90.97 as the next resistance zones to watch. The 4 hour setup shows price bouncing between defined bands, so it's basically a range game right now. The bluntz crypto crowd would probably say this is where you separate traders who panic sell from those waiting for confirmation.

On the weekly, SOL closed near 90 but momentum is still subdued - RSI sitting in the low 30s which signals weakness but not necessarily a confirmed reversal yet. The long term moving average is way up at 103, so there's still work to do if we're talking about a real recovery. For now it feels like the market is waiting to see if this bounce holds or if it's just noise inside a bigger downtrend. Either way, 83.44 is the line in the sand for the next move.