SOL - Bearish Structure RedevelopingSOL / TetherUSBINANCE:SOLUSDTVIAQUANTTo understand why this development is so significant, it is important to go back to where this structural analysis began. A week ago, I published an update when price had broken above the key level and we were watching for SOL to retest it as new support. This would have been the foundation needed to build bullish structure and push price higher. Price failed to hold above that level, resulting in a false breakout ("Fakeout"). Now that price has returned to retest the red line, this retest is crucial. Sellers are looking to reclaim this level as continued resistance. If price begins selling off from here, a retest of the dotted yellow midline, or even the lower green trendline, should be expected. The next daily close at this level will be extremely important to watch. Another rejection from this level would be a significant bearish signal and one that should not be ignored.