In the last few hours, Solana has returned to the US$118–119 region, tracking the broader market recovery. SOL rose by about 8% on the day and is testing an area that traders have been watching.

But I want to ask a different question:

What if what we’re seeing isn’t just another short bounce?

On the daily chart, the structure starts to draw attention.

The price has recovered important levels and is now exactly in front of a zone that can say a lot about the strength of this recovery.

📍 US$ 118–119 → area to watch

If there is a breakout + confirmation, the next question becomes:

how far can this recovery go?

Some analyses are looking at regions like US$ 123 and US$ 132 if SOL manages to break through this resistance.

But there’s another side.

If the price rejects this region, a pullback to lower levels is also perfectly possible.

That’s why I don’t like calling a move a “bull run confirmed” just because a strong candle appeared.

Confirmation comes with structure.

And the structure needs to survive the next test.

So, at this moment, my attention is on one thing:

🔥 Can SOL turn US$ 118–119 into support?

If it manages, the chart starts to get a lot more interesting.

If it fails, I want to see where the buyers show up again.

Now I want to know from you:

$SOL $BTC breaks this region or does it reverse the move? 👇

I don’t want cheering.

I want analysis.

#Solana #SOL #BinanceSquare #Crypto #CryptoTrading #Altcoins