#SOL is testing the $104–106 support zone after pulling back from $125. The 0.382 Fibonacci retracement level sits right around $104.75, further strengthening support in this area.
If support holds and the price reclaims $116.81, the rebound will be confirmed, with $125 as the first hurdle.
A decisive break above $125 would put the main resistance level at $146.66—about 39% above the current price of $105.76. The next Fibonacci extension target is around $157.75.
If this support zone breaks, watch the $98.50–100 range. A daily close below $96.74 would invalidate the bullish structure of progressively higher lows.
If support holds and the price reclaims $116.81, the rebound will be confirmed, with $125 as the first hurdle.
A decisive break above $125 would put the main resistance level at $146.66—about 39% above the current price of $105.76. The next Fibonacci extension target is around $157.75.
If this support zone breaks, watch the $98.50–100 range. A daily close below $96.74 would invalidate the bullish structure of progressively higher lows.