$SOL SOL The skeleton of this bounce is still in place. The recent squeeze is still fresh in mind—single-day liquidations topped $1 billion, shorts were crushed cleanly, and the price even touched $119.99. The real question now is whether the buy-side is solid enough once the liquidation wave has receded.
What’s more concerning isn’t really those few dollars of short-term fluctuation. Peter Brandt put forward an idea the other day: SOL is nearing the end of a five-year cup-and-handle pattern, and the $240 to $260 range is where the true directional confirmation lies. Meanwhile, $80 to $85 is the invalidation warning line. ATR has dropped to 17.51 and ADX is only 20.10—volatility is tightening like a compressed spring. At times like this, the biggest mistake is letting intraday noise lead you by the nose.
On-chain, there’s been plenty of activity. Today, Raydium deployed a $1 million treasury into the USDv stablecoin ecosystem, and the SOL spot ETF also saw a net inflow of $28.86 million yesterday. For the short term, watch support at $115 to $116.8. Above that, $120 is the hard bone that must be chewed through. I’m not in a hurry to act—let it digest the disagreements cleanly within this range first.
What’s more concerning isn’t really those few dollars of short-term fluctuation. Peter Brandt put forward an idea the other day: SOL is nearing the end of a five-year cup-and-handle pattern, and the $240 to $260 range is where the true directional confirmation lies. Meanwhile, $80 to $85 is the invalidation warning line. ATR has dropped to 17.51 and ADX is only 20.10—volatility is tightening like a compressed spring. At times like this, the biggest mistake is letting intraday noise lead you by the nose.
On-chain, there’s been plenty of activity. Today, Raydium deployed a $1 million treasury into the USDv stablecoin ecosystem, and the SOL spot ETF also saw a net inflow of $28.86 million yesterday. For the short term, watch support at $115 to $116.8. Above that, $120 is the hard bone that must be chewed through. I’m not in a hurry to act—let it digest the disagreements cleanly within this range first.