🚨 SOL UPDATE – RELIEF BOUNCE AFTER HEAVY CORRECTION 🚨
💰 Price: ~$141
📊 24H Volume: ~$4.29B
📈 Daily Change: +0.99%
📉 Market Phase: Bottoming → Short-term recovery
📉 WHAT THE CHART IS SHOWING (1D)
SOL topped near $253 and faced an aggressive sell-off to $116
After forming a clear base, price is now printing higher lows
👉 This signals short-term trend recovery, but macro trend is still neutral.
🧲 SUPPLY & DEMAND ZONES
🟢 Strong Demand (Buy Zones)
$135 – $140 → active buyers defending
$120 – $116 → major accumulation zone (macro bottom)
🔴 Key Supply (Sell Zones):
$145 – $150 → immediate resistance
$170 – $180 → heavy supply from previous breakdown
$200+ → macro distribution zone
📦 ORDER BOOK INSIGHT
🟢 Buy Orders: 43.22%
🔴 Sell Orders: 56.78%
📌 Sellers still dominant → rally is controlled, not euphoric
📌 Shorts active, fuel exists if breakout happens
📊 VOLUME ANALYSIS
📉 Dump phase = very high volume (capitulation)
📉 Base formation = low & stable volume
📈 Current push = gradual volume increase
⚠️ This is how real reversals start, not with hype
🧠 BUYERS vs SELLERS
Buyers accumulating dips quietly
Sellers defending resistance aggressively
Liquidity building on both sides
🐳 Whales waiting for breakout confirmation
🌍 FUNDAMENTAL VIEW (SOLANA)
🟢 Bullish Drivers
Ultra-fast & low-fee blockchain
Strong ecosystem (DeFi, NFTs, Memecoins)
High developer & retail adoption
Popular for on-chain trading narratives
🔴 Risk Factors
Network stability concerns (historical)
High volatility asset
Moves fast in both directions
📌 Fundamentally strong, technically recovering
📰 NEWS & SENTIMENT CHECK
No major negative Solana-specific news
Memecoin & on-chain activity keeps SOL relevant
Risk-on traders watching SOL closely
Sentiment = Speculative but active
🚀 LEVELS THAT MATTER
🔥 Bullish Confirmation
Daily close above $150
🎯 Upside Targets
$170
$195
⚠️ Bearish Risk:
Rejection at $150 → pullback to
$135
$120
$SOL
{future}(SOLUSDT)