SOL swept the stops. Then it bounced.

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SOL swept the stops. Then it bounced.Solana / TetherKUCOIN:SOLUSDTThecantillonreport Solana briefly traded below $65.50 - a level that had held as support for over two weeks. The break looked clean. The candle closed back above it within the same session. That's not a failed breakdown. That's a liquidity sweep. Large participants don't buy into rising prices they buy into the sell orders of people who just got stopped out. A brief violation of a well-known support level generates exactly that: a flush of stop-loss orders from traders positioned above it. Institutions absorb those orders, and price recovers. The volume on that session told the story the largest 4h bar of the entire June decline. The level that matters now is the $73–75 zone above. That's a high-volume node, a price range where the most volume traded during the May distribution. Participants who sold into the decline have cost basis concentrated there. Until SOL accepts above it with sustained volume, they're the overhead supply. The declining AVWAP from the late-May top is converging with current price near $70. That's the institutional distribution reference for anyone who sold the collapse. Price reclaiming that AVWAP changes the character of the move it shifts from responsive bounce to potential regime transition. Whether this sweep becomes a structural low depends on what price does at these two levels, not the sweep itself.