$SOL I said that it would drop towards 120 levels after the weekly trend break. In order to talk about the start of the daily trend reversal, we need to see daily closings above the red box and 178.

ref 1: Solana - SOL - Daily Update

ref 2: Solana - SOL - Current Outlook and Huge Unlocks (important!)

When we look at the lower time frame, the first support on 4H is 142.90, but it cannot win this level currently.

If the situation continues like this, it will probably try to find support from the green box again, but since this zone has been worn down enough and because of the big coin unlock pressure I mentioned in the 2nd reference, we can expect a decline towards the liquidation levels I marked towards 90s.

We continue to follow the green box as the most important support in daily closings, and the red box and 178 levels to talk about a daily main trend reversal.