SOL’s stay above 107 did not last through the close. From 17:00 to 18:00, the intraday high reached 107.30, breaking above the previous six-hour high of 107.09, but it finally closed at 106.49. For those judging the move as a breakout, this breach has already provided counterevidence.
This hour’s turnover was 8.7403 million USDT, 2.92 times that of the previous hour. Participation clearly increased, yet the price still fell back below the old high. I classify this as a failed breakout after a volume-backed test. This failure refers only to the short-term boundary at 107.09; it cannot be used to claim that SOL’s trend has reversed, nor can it identify who was selling.
The counterevidence is also in the same candle: it opened at 105.19 and closed at 106.49, still preserving the rise. Interpreting the pullback as a full weakening also goes beyond the evidence. What I’m focusing on is the trading volume near this high, and whether the price can hold afterward.
If the next hourly close moves above 107.30 and the retest of 107.09 holds, I will withdraw this judgment of a failed breakout; if an hourly close falls below 105.17, then the expected recovery after this surge becomes invalid.
If the price rises back above 107.30, but then falls back below 107.09 before the close, I will continue to treat it as a failed breakout. What specific evidence would you use to refute this judgment?
Scope: SOL-USDT single spot market, official v5 API closed 1H candles, all confirm=1; price and turnover units are USDT, data as of 2026-09-06 18:00 Beijing time. Turnover does not represent net inflow and does not constitute investment advice.