$SOL
SOL: Has the uptrend ended and a correction started?
After it recorded a new local high at $SOL and tested a key resistance zone, clear signs of weakness began to appear, along with a decline in buying momentum.
As shown on the chart, the price failed to hold above the red zone **$122 - $123**, which is a strong resistance area—pushing us to expect a downward corrective move.
The expected scenario:
I expect a deeper correction in the coming period, with its targets being:
1. Target 1: $116 2. Target 2: $113
This scenario will remain valid unless the price closes a daily candle above **$123.1**, which would serve as a stop-loss for the bearish scenario.
SOL: Has the uptrend ended and a correction started?
After it recorded a new local high at $SOL and tested a key resistance zone, clear signs of weakness began to appear, along with a decline in buying momentum.
As shown on the chart, the price failed to hold above the red zone **$122 - $123**, which is a strong resistance area—pushing us to expect a downward corrective move.
The expected scenario:
I expect a deeper correction in the coming period, with its targets being:
1. Target 1: $116 2. Target 2: $113
This scenario will remain valid unless the price closes a daily candle above **$123.1**, which would serve as a stop-loss for the bearish scenario.
