SOL Sudden Crash! Breakthrough of the 86 High Point, Bulls and Bears Battle at the $80 Level (Deep Technical Analysis on April 12)

1. Market Overview (April 12)

Current **Solana SOL latest price: 82.6 USDT.

From the K-line trend, SOL surged to around $86 yesterday, then suddenly experienced a rapid volume-driven decline, with a series of large bearish candles retracing in a short period, directly breaking below the short-term upward structure, and the market entering a strong correction phase.

The current market structure is very clear:

Surge → Main force distribution → Rapid shakeout

Short-term market sentiment has clearly cooled, but from a larger cycle perspective, this correction appears more like a technical adjustment within an upward trend.

Today’s key price zones:

Short-term resistance: 84 Strong resistance: 86 Short-term support: 82 Key support: 80

The next critical point for SOL’s movement is whether it can hold steady above $82.

2. Daily Chart Analysis (Trend Direction)

From the daily chart structure, SOL still maintains a medium-term oscillating upward trend.

Recent daily chart characteristics:

Higher lows Stable upward rhythm Bullish trend remains intact

The previous rise from 78 to 86 was a trend-driven wave, with an increase close to 10%.

Therefore, the current correction from 86 to 82 is essentially:

A normal technical correction after an upward move

Daily key support zones:

82 80 78

If the daily chart can hold above $80, the overall upward structure remains healthy.

Subsequent bullish target zones:

86 90 95 3. Four-Hour Level Analysis (Medium-Short Term Structure)

The four-hour cycle is currently the most critical period for judging SOL’s trend.

From the four-hour K-line, it is evident that:

The ascending channel was briefly broken

And there appeared:

Consecutive volume-increasing bearish candles Short-term funds concentrated on profit-taking

This structure typically indicates in technical analysis:

The market has entered a consolidation phase

Current four-hour structure:

Range oscillation between 80 — 86

Four-hour key levels:

Support

82 80

Resistance

84 86

If the price reclaims above $84, it indicates market sentiment is recovering, and bulls may challenge the 86 resistance again.

If it falls below $80, further correction may be triggered.

Potential downside targets:

78 75 4. One-Hour Level Analysis (Short-Term Trading)

From the 1-hour chart, SOL has just experienced a typical waterfall decline.

Trend structure:

86 → 82

Very obvious features:

Consecutive large bearish candles Volume expansion Market panic release

This pattern generally indicates in technical analysis:

A short-term oversold condition

Therefore, a technical rebound is more likely to occur next:

Key 1-hour levels:

Short-term resistance

83.8 84.5

Short-term support

82 81

If the 1-hour chart breaks above 84 again, a short-term rebound could happen:

Rebound targets:

85 86

But if it falls below 81, it indicates the market is still releasing selling pressure.

5. Main Capital Flow Analysis

From this wave of K-line structure, the operation rhythm of the main funds is clearly visible:

First phase: Capital rally

80 → 86

Second phase: High-level oscillation to induce longs

Sideways around 85

Third phase: Rapid sell-off

86 → 82

This structure is very common in bull markets, essentially representing:

Main force shakeout + clearing high-leverage longs

The typical purposes are:

Clearing market floating positions Re-accumulating positions

Therefore, if SOL can regain above $84, the market is likely to challenge the $86 resistance again.

6. Today’s Trading Strategies (April 12) Conservative Long Strategy

Buy on support retracement:

Range layout at 81.5 — 82.2 for long positions

Stop-loss:

79.8

Targets:

84 85.5 86 Short-term rebound short strategy

If SOL rebounds to:

85 — 86

Consider shorting:

Target:

83

Stop-loss:

87

Breakout chasing long strategy

If SOL strongly breaks through:

86

You can follow the trend to go long.

Targets:

90 95

Stop-loss:

84

7. Today’s Key Technical Levels

Strong support

82 80 78

Key resistance

84 86 90 8. Market Summary

Currently, SOL’s overall structure belongs to:

A high-level shakeout within an upward trend

The short-term market rhythm is likely to follow:

Sharp decline → Rebound → Range oscillation

As long as $80 is not effectively broken below, SOL’s medium-term upward trend remains intact.

The most critical observation point moving forward is:

Whether SOL can re-establish above $84.