$SOL These past two days have been a bit rough: BTC, XRP, and ETH are all moving, and yet it’s still stuck around 117; in 24 hours it only moved 0.07%.

What stands out is 120: over two days, it’s tested the 120 threshold five times, with a highest of 119.99. Each time it gets pushed back. The daily close also ground down from 118.9 to 117.6. That ceiling overhead is a clear, obvious ceiling.

Below 116 is holding steady; these past two days the lowest it’s reached is only 115.5. Every time it dips down, someone steps in to buy.

So it’s kind of like a sandwich right now: the top is pressing down, and the bottom is propping it up. The tighter the range gets, the narrower it becomes. I lean toward it building momentum rather than falling behind, but the evidence isn’t hard enough—of the five attempts to top out, the quantity each time has shrunk, and today’s 72M at noon is already the largest of the five. But over at 116, it’s also true that someone is stepping in every time. Momentum or falling behind? I’m not going to guess—let 120 and 116 speak for themselves.

There are only two switches: one is the four-hour closing that takes the top—suppression makes all previous attempts invalid; if it breaks through the bottom, then when it goes sideways you have to read it differently. As for the middle part, don’t focus on it.