What changed since the previous read
Last week's read had Solana at 101.91, above a pair of floors at 95.54 on the weekly and 95.82 on the 3D, with the weekly trend still up and alignment conflicting. Price now sits at 92.92, a change of -8.82%, and both of those floors have left their ledgers. The weekly trend has flipped from up to down, so all timeframes now point the same way and the alignment label has moved from conflicting to aligned_down. Momentum crossed into the bearish band on the 3D, where RSI moved from 49.81 to 41.27, a change of -8.54, and on the monthly, where RSI moved from 45.88 to 44.50. On the weekly, RSI moved from 52.12 to 46.96 and stays neutral.
Multi-timeframe read
Aligned_down is the decisive feature: the 3D, the weekly and the monthly all read down, after last week's weekly uptrend kept the label at conflicting.
3D. Price is below the 20-period EMA at 104.01 and the 20-period SMA at 106.92. The trend is down and strong, with the efficiency ratio up to 0.7437 from 0.5221, so the move over the measurement window has been more direct than a week ago. RSI at 41.27 sits in the bearish band. The MACD line at 0.90 is below its signal line at 4.15, and the histogram has widened to -3.24 from -2.43.
Weekly. Price has slipped below the 20-period EMA at 95.17 and the 20-period SMA at 93.48; in the previous read it sat above the EMA, then at 96.27. The trend now reads down, graded weak with an efficiency ratio of 0.1384. RSI at 46.96 is neutral. The MACD line at 2.32 is still above its signal line at 1.56, but the histogram has narrowed to 0.75 from 2.31.
Monthly. The trend is down and weak, with an efficiency ratio of 0.1227. Price sits well below the 20-period EMA at 113.48 and the 20-period SMA at 124.03. Momentum is now bearish with RSI at 44.50. The MACD line at -12.20 is below its signal line at -8.46, with a histogram of -3.74.
Levels and zones
The resistance map has moved down to meet price. The 3D nearest resistance is now 93.957 with 7 touches, at a computed distance of just 1.12%. The weekly nearest resistance is 98.045 with 2 touches, at 5.52%, and the monthly nearest resistance is 98.41 with 1 touch, at 5.91%, replacing the 143.51 listed last week. Above that, the 3D ledger lists 109.05 with 3 touches, which was the nearest 3D resistance in the previous read.
A new unmitigated bearish order block has appeared on the 3D, between 100.43 and 108.25 and 5 bars old, overlapping the 3D 20-period averages. No bearish zone is listed on the weekly or the monthly.
On the downside, the gap is wide. The 3D ledger now holds a single support, 72.373 with 10 touches, the most-tested level on the board, at a computed distance of -22.11%. The weekly nearest support is 72.60 with 4 touches, at -21.87%, and the monthly nearest support is 67.66 with 3 touches, at -27.18%. The nearest bullish order blocks sit just above that floor: on the 3D between 74.69 and 76.62 (27 bars old), and on the weekly between 74.10 and 77.33 (12 bars old). The monthly shows no order blocks.
