$SOL is in bullish consolidation despite a 3.14% 24H decline. The supplied data shows high downside volume and minor local distribution, but open interest fell 4%, indicating long flushing and healthier derivatives leverage. Hourly RSI near 32 also reflects localized oversold conditions. The stated entry zone is $112–$114.50, with $110 support and $124 resistance. The setup remains sensitive to broader BTC downside because the supplied data identifies elevated systemic beta risk.
📈 Bias: Bullish consolidation | 🎯 Entry: $112.00–$114.50 | 🛡 Support: $110.00 | 🚧 Resistance: $124.00 | 🎯 Targets: $122.00, $130.00, $142.00 | ❌ Invalidation: $107.50
Strategy: Range-low accumulation sweep.
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