$SOL Analysis: Bullish Structure Meets Key Resistance
$SOL is showing a bullish multi-timeframe market structure, with the strongest confirmation visible on the 4H and 1D charts. From the major $60.03 low, price established a powerful expansion toward the recent $110.60 high, producing higher highs and higher lows.
From an SMC/ICT perspective, $110.60 represents the most important immediate buy-side liquidity pool. Price currently trades around $107.37, leaving it close to external liquidity but without a confirmed sweep or bearish CHoCH. The 4H displacement remains bullish, although current price sits firmly in the premium zone of the approximately $70.51–$110.60 dealing range, whose equilibrium is near $90.56.
Elliott Wave analysis suggests the advance from $60.03 may represent a larger bullish impulse, potentially approaching a late-stage wave, although the exact count remains uncertain.
Key levels are $110.60 resistance, approximately $100.97 and $94.82 support, and $70.51 as major 4H structure. With price extended near liquidity, patience is preferable to chasing.
$SOL is showing a bullish multi-timeframe market structure, with the strongest confirmation visible on the 4H and 1D charts. From the major $60.03 low, price established a powerful expansion toward the recent $110.60 high, producing higher highs and higher lows.
From an SMC/ICT perspective, $110.60 represents the most important immediate buy-side liquidity pool. Price currently trades around $107.37, leaving it close to external liquidity but without a confirmed sweep or bearish CHoCH. The 4H displacement remains bullish, although current price sits firmly in the premium zone of the approximately $70.51–$110.60 dealing range, whose equilibrium is near $90.56.
Elliott Wave analysis suggests the advance from $60.03 may represent a larger bullish impulse, potentially approaching a late-stage wave, although the exact count remains uncertain.
Key levels are $110.60 resistance, approximately $100.97 and $94.82 support, and $70.51 as major 4H structure. With price extended near liquidity, patience is preferable to chasing.
