SOL Update | Post-Drop Accumulation Phase
Solana dropped sharply from the $130 area to $117, swept liquidity, and then bounced back. Since that move, price has slowed down and is now accumulating around $121–$123.
This is no longer the big move — this is the market deciding what comes next.
Key levels to watch:
Support: $117–$119 (strong reaction zone)
Accumulation range: $121–$123
Resistance: $126–$130
My take:
The sell-off already happened. What we’re seeing now is post-drop accumulation, with price holding above the lows and volatility compressing. As long as SOL stays above the $117 support, this looks like stabilization rather than continuation to the downside.
The next direction will be decided on a clean break from this range.
Question:
Do you think SOL is building strength here for a recovery move,
or is this just a pause before another leg down?
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