$SOL is trading around $104.39, and this chart looks like a battle between exhausted sellers and buyers trying to build a base.
The chart shows a clear shift from the earlier bullish channel into a steep downward move, with sellers repeatedly pushing price lower. But the latest candles are starting to tell a slightly different story: SOL has bounced from the $100–$101 support area and is trying to stabilize around $104.
✅The levels I'm watching:
• $100–$101: The most important support zone. Buyers need to defend this area to keep the recovery alive.
• $102–$103: Near-term support during any pullback.
• $105.50–$107.50: The first recovery zone and a key area for testing whether buyers are gaining strength.
• $110–$111: Major resistance and the next meaningful upside hurdle.
• $114–$115: The larger upside target if the recovery develops into a stronger reversal.
The volume appears quieter during the recent consolidation than during the earlier major price moves. That makes it especially important to watch whether a breakout comes with stronger participation. The RSI-based momentum panel also remains relatively weak, so I would want to see momentum improve alongside price rather than relying on the wedge pattern alone.
However, while watching the chart, I have already joined the Onchain Trading Competition (SOL) on Bitget. Every 50 USDT in eligible daily SOL-chain trading volume unlocks one mystery box draw for a USDT voucher worth up to 100 USDT,and more pizes. Join here: https://www.bitget.com/events/onchain-hunt/233934
Besides that, I can trade on-chain tokens directly through my Bitget account using USDT or USDC without setting up a separate wallet. This is an advantage for me and I will take advantage of this for sure.
The market is offering us opportunities. Are you ready to hunt it with Bitget, or do you have alternative plans? #Solana #Macro Insights# #Bitget
The chart shows a clear shift from the earlier bullish channel into a steep downward move, with sellers repeatedly pushing price lower. But the latest candles are starting to tell a slightly different story: SOL has bounced from the $100–$101 support area and is trying to stabilize around $104.
✅The levels I'm watching:
• $100–$101: The most important support zone. Buyers need to defend this area to keep the recovery alive.
• $102–$103: Near-term support during any pullback.
• $105.50–$107.50: The first recovery zone and a key area for testing whether buyers are gaining strength.
• $110–$111: Major resistance and the next meaningful upside hurdle.
• $114–$115: The larger upside target if the recovery develops into a stronger reversal.
The volume appears quieter during the recent consolidation than during the earlier major price moves. That makes it especially important to watch whether a breakout comes with stronger participation. The RSI-based momentum panel also remains relatively weak, so I would want to see momentum improve alongside price rather than relying on the wedge pattern alone.
However, while watching the chart, I have already joined the Onchain Trading Competition (SOL) on Bitget. Every 50 USDT in eligible daily SOL-chain trading volume unlocks one mystery box draw for a USDT voucher worth up to 100 USDT,and more pizes. Join here: https://www.bitget.com/events/onchain-hunt/233934
Besides that, I can trade on-chain tokens directly through my Bitget account using USDT or USDC without setting up a separate wallet. This is an advantage for me and I will take advantage of this for sure.
The market is offering us opportunities. Are you ready to hunt it with Bitget, or do you have alternative plans? #Solana #Macro Insights# #Bitget