SOLUSDT at Weekly Resistance: Breakout or 46% Downside Risk?SOL / TetherUSBINANCE:SOLUSDTCryptoNuclearOn the 1W (Weekly) timeframe, SOLUSDT is currently testing a key zone that previously acted as strong support and has now turned into a critical resistance area at 89 – 75 USDT (yellow block). This zone represents: A strong demand area in 2022 A major accumulation base before the 2024 rally A horizontal support that has flipped into resistance (S/R Flip) Price is currently trading just below this area after a sharp decline from the 2025 swing high. --- Structure & Pattern Formation From a market structure perspective: A Lower High has formed after failing to sustain above the 160–200 region Breakdown from mid-range structure Retest of weekly supply (89–75 zone) This suggests: Distribution / Bearish Rejection Zone The 89–75 area acts as: A historical distribution base A multi-year supply zone Strong horizontal resistance If price fails to reclaim this zone, this move could be interpreted as a breakdown retest before the next bearish leg. --- Key Levels Resistance: 89 – 75 (Critical Weekly Supply Zone) 100 – 110 (Next resistance if breakout occurs) Support: 62 USDT (≈ -30% downside projection) 47 USDT (≈ -46% downside projection) 40–50 zone (Historical 2023 demand area) Downside projections shown on the chart: From 89 → 62 = -30.34% From 89 → 47 = -46.66% --- Bullish Scenario Bullish confirmation requires: 1. A strong weekly close above 89 2. Reclaiming the 89–75 zone as support 3. Formation of a Higher Low above 75 If confirmed, upside targets: 110 140 160 Potential revisit of 200+ in the next expansion cycle A valid bullish continuation would require strong weekly momentum and significant volume. --- Bearish Scenario (Currently More Dominant) If price fails to break and close above 89 and shows rejection: Downside targets: 1. 62 USDT (-30%) 2. 47 USDT (-46%) 3. Possible liquidity sweep into the 40 zone if broader market weakens This would confirm the 89–75 zone as a strong multi-year resistance. As long as price remains below 89, the structure leans bearish. --- Conclusion The 89 – 75 zone is the major decision point for SOL. As long as price trades below this zone, the risk of a correction toward 62 and even 47 remains open. A breakout and reclaim above this area would shift the bias back to bullish. Weekly close confirmation is key. The market is currently at a high-impact decision level. #SOLUSDT #SOLAnalysis #CryptoAnalysis #TechnicalAnalysis #PriceAction #Altcoin #CryptoTrading #WeeklyChart #SupportResistance #CryptoMarket