🔷️ $SOL is finally showing a reaction from the long-term support structure.
📊 In my previous SOL analysis, I was watching the lower boundary of the parallel channel and the possibility of another support retest. This monthly chart shows that the broader support area has indeed produced a reaction, and #sol is now attempting to build a recovery from the lows.
🔥 The important difference now is structure: sellers still control the larger trend, but the latest monthly candle is showing buyers stepping back in. The yellow resistance zones above remain the major barriers, while the green support areas continue to define the long-term floor.
👀 For me, the key question is whether this reaction can develop into a sustained monthly recovery. Until the major resistance structure is reclaimed, I’d treat this as a recovery attempt rather than a confirmed trend reversal.
⚠️ Not financial advice.
#sol #bitcoin #Ethereum #crypto
📊 In my previous SOL analysis, I was watching the lower boundary of the parallel channel and the possibility of another support retest. This monthly chart shows that the broader support area has indeed produced a reaction, and #sol is now attempting to build a recovery from the lows.
🔥 The important difference now is structure: sellers still control the larger trend, but the latest monthly candle is showing buyers stepping back in. The yellow resistance zones above remain the major barriers, while the green support areas continue to define the long-term floor.
👀 For me, the key question is whether this reaction can develop into a sustained monthly recovery. Until the major resistance structure is reclaimed, I’d treat this as a recovery attempt rather than a confirmed trend reversal.
⚠️ Not financial advice.
#sol #bitcoin #Ethereum #crypto