Hey fam…..$SOL is currently trading near a strong horizontal support zone after breaking down from a descending channel. The selling pressure has slowed around this level, indicating that buyers are attempting to defend the zone and prevent further downside.

This area is critical holding above support could lead to a short-term recovery, while a clean breakdown may open the door for deeper retracement. Market structure is neutral, waiting for confirmation.

Buy Zone: 126.3 – 126.8

Stop Loss: 124.9

Targets:

Target 1: 127.8

Target 2: 129.2

Target 3: 130.5

Wait for confirmation at support and manage risk carefully before entering any trade.

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SOL

77.07

-2.18%