SOL has made a strong momentum reversal, but it is now approaching an important resistance area.
The weekly chart is showing a clear change in structure.
Price previously fell to around $60.13, consolidated roughly between $65–80, and then broke aggressively higher.
The important sequence is:
$60 → $70–80 consolidation → $95 → $105 → $114
That's a substantial series of higher highs/higher lows.
Daily structure is also bullish.
Current:
$112.38
Bullish spot demand + short covering = very fast upside moves.
The problem is that short-covering rallies can also produce aggressive pullbacks once forced buying disappears.
So sentiment is currently supportive, but I would not treat sentiment as a reason to enter at any price.
SOL is a highly liquid large-cap crypto asset, and the current reported trading volumes are substantial. �
Binance
But liquidity doesn't mean low risk.
I would divide the setup into three possible entries, rather than trying to predict one exact price.Weekly
🟢 Bullish trend
Daily
🟢 Bullish
Momentum
🟢 Strong
Volume
🟢 Strong confirmation
Immediate resistance
🔴 $114–115
First major support
🟢 $103–105
Deeper support
🟢 $95–100
Major higher resistance
🔴 $130 → $137 → $143–144
Risk
🟠 Elevated, because SOL has moved rapidly and is sitting directly underneath resistance.
The key decision point is $114–115.
Above $115 with a strong daily close + strong volume → bullish continuation structure.
Rejection from $114–115 → watch $107–105.
Break below $103 → bullish setup weakens considerably.
I would therefore avoid blindly entering at $112–114. The chart offers a better-defined trade either on a confirmed breakout or on a controlled pullback toward $105–103.
#sol $SOL #solana #dyor @Eggtartcake_