Solana is getting deeper into trouble as bears start to dominate the market. After being rejected at the $100 resistance level, the coin also lost the 50-day moving average. Once SOL lost this level, the bears had successfully managed to establish a downtrend.
Priced at $82, Solana has lost about 2% value during the past 24 hours. With this loss in value, the coin has confirmed what seems to look like the beginning of the downtrend. The downtrend began when SOL was rejected at the $100 resistance level. After being rejected at this level, Solana lost a major support, which is the 50-day moving average.
The 50-day moving average (50-day MA) is important because it is one of the most widely used indicators for identifying the medium-term direction of a market. It calculates the average price of an asset over the last 50 trading days, helping traders smooth out short-term volatility and better understand the overall trend.
The level is closely watched by traders, institutions, and automated trading systems, which makes it psychologically important in the market. When the price stays above the 50-day MA, it is often seen as a sign that bullish momentum is strong and that buyers remain in control. In many cases, the moving average acts as a dynamic support level where prices bounce and continue higher.
Although Solana appears heavily bearish on the daily timeframe, the weekly chart is beginning to show signs that the market may still have some bullish potential left. Historically, the last time SOL traded around the $82 region, buyers aggressively stepped into the market, eventually triggering a powerful rally that pushed the price above $145. Because of this historical reaction, traders and investors are now closely watching whether the same level could once again act as a strong support zone.
Market participants often pay close attention to historical price behavior because traders tend to remember levels where major reversals previously occurred. If SOL begins stabilizing around this range, many buyers may see it as an opportunity to accumulate, expecting history to repeat itself or at least produce a similar recovery. This expectation alone can sometimes create additional buying pressure, as traders position themselves early in anticipation of another breakout.
At the same time, if confidence slowly returns to the broader crypto market, SOL could benefit from renewed bullish momentum. Technical traders may also look for confirmation signals such as rising volume, reclaiming moving averages, or bullish divergence on momentum indicators before committing to larger positions. However, if the support fails to hold, bearish sentiment could strengthen further, which is why this level is becoming a critical zone that many traders are observing closely.