Solana Price Range Bound Environment

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Solana Price Range Bound Environment SOLUSDT SPOTBYBIT:SOLUSDTThe_Alchemist_Trader_Solana price action is currently range-bound, trading between key higher-timeframe levels with resistance at $95 and support at $70. This defines a broad trading range, where price continues to rotate without establishing a clear directional trend. Within this structure, we have seen consistent rejections from the upper boundary, indicating that sellers are actively defending the $95 region. Each rejection reinforces this level as a strong supply zone and limits bullish continuation in the short term. From a technical standpoint, this behaviour suggests that the market is likely to continue operating within a liquidity-driven environment, where price seeks out inefficiencies and resting orders. Given the repeated failures at resistance, the probability increases for a corrective move toward the $70 support, where a significant amount of resting liquidity is likely positioned. This type of range typically results in liquidation hunts on both sides, with the market sweeping highs and lows before establishing a clearer trend. Until a decisive breakout occurs, Solana remains in a rotational phase, and traders should expect continued movement between support and resistance, with downside liquidity near $70 acting as a key target.