$SOL Is This the Breakout Everyone Is Waiting For?
SOL is now approaching a major 1W resistance around $120–$135, and this is the level I’m watching very closely.
What makes this interesting is the bigger structure. After the deep correction, SOL has formed a large rounded recovery/base, and price is now pushing back into the same resistance zone that previously caused strong rejection.
So I’m not calling the breakout yet. If SOL gets a clean weekly breakout + confirmation above the zone, the next major areas on my chart are around $175–$185 and then $240–$250.
SOL is now approaching a major 1W resistance around $120–$135, and this is the level I’m watching very closely.
What makes this interesting is the bigger structure. After the deep correction, SOL has formed a large rounded recovery/base, and price is now pushing back into the same resistance zone that previously caused strong rejection.
So I’m not calling the breakout yet. If SOL gets a clean weekly breakout + confirmation above the zone, the next major areas on my chart are around $175–$185 and then $240–$250.