$SOL
Bias: bullish long
Entry: 120.62
Tp1: 121.21
Tp2: 121.84
SL: 120.01
Analysis: SOL is currently around $120–121, and the short-term structure is mildly bullish but still inside consolidation.
* Bullish zone: $119–120 — holding this area keeps the recovery structure intact.
* Major support: $116–117, then $112–114.
* Key resistance: $123–125. A clean breakout and 4H close above this zone would be the important bullish confirmation.
* Next upside area: $127–130, with $132–135 becoming possible if momentum continues.
* Momentum: Daily RSI is around the mid-50s, while MACD remains mildly constructive.
* OI: Futures OI is rising, while recent short liquidations have provided some buying pressure.
* Catalysts: Solana’s upcoming Alpenglow upgrade and continued ecosystem/institutional development provide a longer-term bullish backdrop.
Bias: bullish long
Entry: 120.62
Tp1: 121.21
Tp2: 121.84
SL: 120.01
Analysis: SOL is currently around $120–121, and the short-term structure is mildly bullish but still inside consolidation.
* Bullish zone: $119–120 — holding this area keeps the recovery structure intact.
* Major support: $116–117, then $112–114.
* Key resistance: $123–125. A clean breakout and 4H close above this zone would be the important bullish confirmation.
* Next upside area: $127–130, with $132–135 becoming possible if momentum continues.
* Momentum: Daily RSI is around the mid-50s, while MACD remains mildly constructive.
* OI: Futures OI is rising, while recent short liquidations have provided some buying pressure.
* Catalysts: Solana’s upcoming Alpenglow upgrade and continued ecosystem/institutional development provide a longer-term bullish backdrop.