Range-Bound Between 0.618 Fibonacci and POC

Solana is currently oscillating between the 0.618 Fibonacci retracement and the Point of Control (POC), forming a tight consolidation range. This zone continues to act as both support and accumulation territory for traders anticipating the next breakout.

Key Technical Points:

- Support: 0.618 Fibonacci confluence
- Resistance: POC zone
- Bias: Re-accumulation range formation

This controlled ranging behavior indicates a potential re-accumulation phase, where smart money absorbs supply before attempting a breakout above the POC. Sustained trading within this range builds a strong structural base for future continuation.

Should Solana reclaim the POC on a closing basis, a move toward higher regions becomes increasingly likely, with targets aligning to previous structural highs.

Until then, Solana remains range-bound but technically constructive, with the 0.618 region serving as a clear accumulation floor.