SOL Tests Support as Bearish Structure Holds

SOL remains bearish below $83.98, while a sweep beneath $70.58 could create a conditional rebound setup. The major clearing of liquidations occurred in derivatives data, with the sharpest event seen in leverage clearing in late-May. A sustained three-day close above $83.98 could target $98.41 and $116.88, while breakdown risks $62.96 and $60.13. SOL has been on a prolonged downtrend and is still under pressure, traders are awaiting co…