$SOL /USDT — The chart is strong, but this is where patience matters.
I’ve been watching SOL on the daily chart, and the structure is getting interesting.
SOL is around $120.58, sitting well above the MA(7) at $119.06, MA(25) at $112.21, and MA(99) at $90.57. That tells me the bigger trend is still clearly bullish.
But there’s one level I’m watching closely: $124–$125.
Price recently pushed to $124.95 and pulled back, which makes this zone an important resistance area. A clean daily breakout above $125, especially with stronger volume, could open the door toward $128 and potentially higher levels.
On the downside, $114–$116 is the first area I’d watch. That zone lines up with the recent breakout structure and is close to the current trading range. If SOL loses it decisively, the chart could need a deeper reset toward the $112 MA(25).
RSI is around 66.9 — strong momentum, but not yet deeply overbought.
My take: I wouldn’t chase SOL directly under resistance. I’d rather see either a confirmed breakout above $125 or a healthy pullback that holds support.
What are you watching — breakout or pullback?
don't miss 👉$GLMR
#SECHaltsCryptoETFReviewsAmidFundingLapse
I’ve been watching SOL on the daily chart, and the structure is getting interesting.
SOL is around $120.58, sitting well above the MA(7) at $119.06, MA(25) at $112.21, and MA(99) at $90.57. That tells me the bigger trend is still clearly bullish.
But there’s one level I’m watching closely: $124–$125.
Price recently pushed to $124.95 and pulled back, which makes this zone an important resistance area. A clean daily breakout above $125, especially with stronger volume, could open the door toward $128 and potentially higher levels.
On the downside, $114–$116 is the first area I’d watch. That zone lines up with the recent breakout structure and is close to the current trading range. If SOL loses it decisively, the chart could need a deeper reset toward the $112 MA(25).
RSI is around 66.9 — strong momentum, but not yet deeply overbought.
My take: I wouldn’t chase SOL directly under resistance. I’d rather see either a confirmed breakout above $125 or a healthy pullback that holds support.
What are you watching — breakout or pullback?
don't miss 👉$GLMR
#SECHaltsCryptoETFReviewsAmidFundingLapse
