SOL: Recent History Suggests Extreme CautionSOL / TetherUSBINANCE:SOLUSDTDukesMarketAnalysisPrimary trend remains bearish The primary weekly trend remains down, with Solana continuing to produce lower highs and lower lows. Until that structure changes, the broader technical picture continues to favour the bears. Moving averages reinforce the trend The 100/50-day EMAs remain bearishly crossed, with price continuing to trade beneath both averages. Bulls need to reclaim these moving averages before the technical outlook begins to improve. Recent history worth noting A 38% decline followed the previous period of sideways consolidation in just three weeks. History doesn't have to repeat, but it does highlight the importance of respecting the prevailing downtrend. Support and resistance Initial support remains around $73.50, an area that has attracted buyers several times since mid-June. A break below would shift the focus back towards $64.00 and potentially the significant June low at $60.13, while a move above the 0.618 Fib and May 11 swing high around $83.70-$83.98 would be the first meaningful positive for the bulls. Momentum remains neutral RSI continues to chop around the 50 level, while the StochRSI remains just above oversold territory. Neutral volume suggests neither buyers nor sellers currently have a decisive advantage. In Summary Solana remains in a primary downtrend, with the bearishly crossed 100/50-day EMAs continuing to reinforce the broader bearish structure. While support around $73.50 is still holding, the previous period of consolidation ended with a sharp 38% decline, making this an area worth watching closely. Bulls first need to reclaim the moving averages and the $83.70-$83.98 resistance zone before the technical outlook begins to improve.