solana:So11111111111111111111111111111111111111112 is still in a larger downtrend, but it's starting to show early signs of stabilization. Bull case 🟢 - solana:So11111111111111111111111111111111111111112 has held the higher low around the $60–62 area after the June selloff. - Price bounced strongly from support and reclaimed the mid-range. - Even after the rally, sellers haven't pushed it back to the lows, suggesting buyers are defending the area. - A daily close above the descending trendline ($76–78) would confirm a breakout and could open the door toward $85–90. Bull trigger: Break and hold above the downtrend resistance. Bear case 🔴 - The long-term trend is still bearish until that trendline is broken. - Price is currently sitting right below resistance, where previous rallies have failed. - If solana:So11111111111111111111111111111111111111112 gets rejected here, a move back toward $68–70 is likely. - Losing the $60 - 62 support would invalidate the higher-low structure and increase the risk of another leg lower. Bear trigger: Rejection at the trendline followed by a break below $60. My bias Slightly bullish (60/40). The higher low is encouraging, but the chart hasn't confirmed a trend reversal yet. The descending trendline is the key level.