SOL: Is Consolidation Setting Up Another Leg Lower?SOL / TetherUSBINANCE:SOLUSDTDukesMarketAnalysis**Primary Trend Remains Down Solana remains in its primary downtrend, with the broader structure still favouring the bears. The recovery from the June low has yet to produce a meaningful bullish structural shift. **0.618 Fib Rejects the Recovery The rally into $83.79 was firmly rejected around the 0.618 Fibonacci retracement. This area also coincides with previous support, adding further weight to the resistance encountered there. **$74-$75 Becomes the Battleground Price continues to chop around the $74-$75 area, which has repeatedly acted as both support and resistance. Neither bulls nor bears have yet managed to establish clear control around this zone. **Moving Averages Reflect the Consolidation The 100/50-Day EMAs continue to chop around as price moves sideways. This reflects the lack of shorter-term direction despite the primary trend remaining firmly to the downside. **Volume Continues to Decline Volume has steadily decreased throughout the latest consolidation, suggesting neither side is showing particularly strong conviction. A decisive break from the current range could therefore provide the next clearer directional signal. **In Summary Solana continues to consolidate around $74-$75 following its rejection from the 0.618 Fib at $83.79. While the short-term picture remains indecisive, the primary trend is still down and previous consolidations have eventually resulted in further downside. Declining volume reinforces the lack of conviction, while bulls still need to break the structure above to improve the outlook. Until then, the possibility of another move towards the June lows remains firmly in play.