$SOL chart shows continued consolidation around $124, holding above recent lows despite persistent pressure from declining moving averages (MA7 $124.7, MA25 $125.7, MA99 $129.8). Selling volume has eased compared to prior drops, with smaller red candles suggesting weakening bearish momentum. Price remains in a downtrend, but signs of buyer defense are emerging, with potential for upside if resistance near MAs breaks.
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$SOL chart shows continued consolidation around $124, holding above recent lows despite persistent pressure from declining moving averages (MA7 $124.7, MA25 $125.7, MA99 $129.8). Selling volume has eased compared to prior drops, with smaller red candles suggesting weakening bearish momentum. Price remains in a downtrend, but signs of buyer defense are emerging, with potential for upside if resistance near MAs breaks.
TP1: $128
TP2: $132
TP3: $138
Stop Loss: $119
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