$SOL
From a market-structure perspective, the $146 level remains a decisive level. Range highs act as major resistance boundaries in consolidation environments, and repeated failure to reclaim the upper boundary often results in rotational moves lower.
Solana’s inability to close above $146 reinforces the idea that supply is present at higher prices. In strong breakout conditions, price typically clears resistance with impulsive candles and expanding volume. When price stalls and prints weakening momentum signals instead, it often suggests the move higher is running out of fuel.
As long as SOL remains below this resistance, the breakout probability decreases and the likelihood of another corrective rotation increases.
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