$SOL is currently trading near a key demand zone, where buyers have previously stepped in. The market structure shows consolidation after a correction, indicating that SOL is preparing for its next directional move.
đ Technical Overview
Support Zone: $120 â $125
Major Resistance: $140 â $150
Trend: Short-term bearish â Neutral (possible reversal)
RSI: Near oversold region, signaling reduced selling pressure
Volume: Decreasing selling volume suggests sellers are getting weak
đ Key Insights
If SOL holds above the $120 support, a rebound toward $140â$150 is possible.
A daily close above $150 can confirm bullish momentum and continuation upward.
If price breaks below $120, further downside toward $110 cannot be ignored.
đ§ Market Sentiment Solana remains strong fundamentally, and current price levels may attract long-term holders. However, confirmation is keyâwait for a clear breakout or strong rejection from support.
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