$SOL has broken out of a long-standing consolidation range between $114–$130, which had held for months. That zone has now turned into resistance. Although the recent weekly bounce looks encouraging, price is currently moving in a low-structure area, with little support until around $56.
LEVELS TO WATCH
ATH Resistance: $295.60
Major Resistance: $248.96
Resistance: $182.75
Key Resistance: $114.81 ← crucial level
Support Target: $56.09
Cycle Low: $7.78
MARKET STRUCTURE
• Weekly trend remains bearish with lower highs and lower lows since the Jan 2025 peak
• Price is still about 70% down from the ATH of $295
• The broken consolidation range now acts as strong overhead resistance
• There’s a lack of solid support between $86 and $56
SCENARIOS
Bullish: A weekly close back above $114.81 could open the path toward $182 and then $248, likely requiring strong BTC support
Bearish: If the bounce fails below $100, the next key level is $56. A break below that could trigger further downside
A single weekly candle doesn’t shift the overall trend.
Keep a close eye on the weekly close 👀
LEVELS TO WATCH
ATH Resistance: $295.60
Major Resistance: $248.96
Resistance: $182.75
Key Resistance: $114.81 ← crucial level
Support Target: $56.09
Cycle Low: $7.78
MARKET STRUCTURE
• Weekly trend remains bearish with lower highs and lower lows since the Jan 2025 peak
• Price is still about 70% down from the ATH of $295
• The broken consolidation range now acts as strong overhead resistance
• There’s a lack of solid support between $86 and $56
SCENARIOS
Bullish: A weekly close back above $114.81 could open the path toward $182 and then $248, likely requiring strong BTC support
Bearish: If the bounce fails below $100, the next key level is $56. A break below that could trigger further downside
A single weekly candle doesn’t shift the overall trend.
Keep a close eye on the weekly close 👀