SOL just rushed to a new high and then got hit with a brutal wash-out, spitting back almost all of the day's gains. This tactic is familiar—most retail traders who chase the highs get liquidated, and futures traders don't dare chase anymore.

From a technical perspective, SOL's resistance at $142.2 looks even more formidable than Bitcoin's pressure at 93600. Bitcoin got stuck before 95000 and couldn't push higher, and after the resistance was broken through, it immediately reversed into a wash-out. Coincidentally, SOL also broke through its resistance at the same rhythm, followed by a sharp decline. One hour of upside thrust, two hours of complete reversal, nearly wiping out the entire day's gains.

The question now is, when will SOL break through the next resistance level after this wash-out? Can the $150 level be successfully broken through? The market still needs to provide the answer.