The overall market sentiment for Solana (SOL) is cautiously optimistic despite its recent downtrend. Key support levels around $68-$70 are holding, and positive momentum is building. The analyst believes that SOL has a chance to break out and rally higher, targeting the $100-$110 range. However, the analyst also cautions that any negative news or a failure to hold support could lead to a further decline. The short-term outlook is neutral to bullish, with potential for a short-term pullback before a larger upward move.