Solana – Bear Market Rally or Reversal?

Like the rest of the crypto market, Solana started rebounding on April 8th, pushing more than 50% up from the recent lows. But just like with many altcoins, I'm not convinced this is a true trend reversal. Instead, it looks more like a classic bear market rally.

Let’s not forget: SOL is coming down from nearly $300. A bounce from $95 to $150 is strong, yes—but in the bigger picture, it’s still just a correction.

📍 Key resistance zone: $160–$170
As long as price remains under this zone, the probability of another leg down remains high.

🧠 My plan:
If Solana creates a new local high around $160, I’ll be looking to sell into the rally.

🎯 Target:
$100 at least, depending on how the market reacts.