๐ฅ $SOL at the gate. The bulls still need the key.
Recovery from the lows has become interesting, but the $120.40 level is the one that could give this move far more weight.
This area acted as support. Now $SOL is pushing it from below.
What I want to see is simple: a clear break, a daily and weekly close above $120.40, and then buyers defending it as support.
That would strengthen my argument significantly for continuing toward the overall downtrend line. And if we also clear that barrier, then the $202.19 level becomes the next major horizontal resistance on the chart.
The upward path is there, but the price still needs to prove it.
If the price breaks above $SOL the $120.40 level and then quickly drops below it, the breakout becomes questionable. Itโs not enough to have only a price wick.
I like what can be expected here. Now I want confirmation.
Recovery from the lows has become interesting, but the $120.40 level is the one that could give this move far more weight.
This area acted as support. Now $SOL is pushing it from below.
What I want to see is simple: a clear break, a daily and weekly close above $120.40, and then buyers defending it as support.
That would strengthen my argument significantly for continuing toward the overall downtrend line. And if we also clear that barrier, then the $202.19 level becomes the next major horizontal resistance on the chart.
The upward path is there, but the price still needs to prove it.
If the price breaks above $SOL the $120.40 level and then quickly drops below it, the breakout becomes questionable. Itโs not enough to have only a price wick.
I like what can be expected here. Now I want confirmation.
