$SOL bounced back nicely, but let's not get carried away** 👀
SOL is around **$121**, almost flat on the day (-0.48%). It dropped to **$118.8**, then climbed back with a run of green candles and is now above its key averages.
That's a decent recovery, but being honest:
✅ Buyers stepped in fast on the dip, which is a good sign
❌ The last candle already shows a bit of rejection near $121.7
❌ Volume is lower on the bounce than on the drop, so conviction isn't strong yet
The real test is **$122.3**. A clean break above it could open more upside. If SOL slips back under **$120**, this bounce might just have been a bounce.
Do you think SOL breaks out or fades from here?
#sol #solana
SOL is around **$121**, almost flat on the day (-0.48%). It dropped to **$118.8**, then climbed back with a run of green candles and is now above its key averages.
That's a decent recovery, but being honest:
✅ Buyers stepped in fast on the dip, which is a good sign
❌ The last candle already shows a bit of rejection near $121.7
❌ Volume is lower on the bounce than on the drop, so conviction isn't strong yet
The real test is **$122.3**. A clean break above it could open more upside. If SOL slips back under **$120**, this bounce might just have been a bounce.
Do you think SOL breaks out or fades from here?
#sol #solana
