$SOL is trying to breathe again after a clean pullback.

Price is holding near 122.8 on the 4H chart after rejecting the 116.8 low. Sellers pushed it down hard from the 128.7 top, but buyers stepped in quickly and defended the zone. That tells me demand is alive here.

This area around 120 to 122 is acting like a short term support. As long as SOL stays above it, the structure remains healthy. Small higher lows are forming, which shows selling pressure is slowing down.

Immediate resistance is near 125.5 to 128. If price reclaims this zone with strong candles, momentum can flip fast and a push toward 132 plus becomes possible.

If 120 breaks and closes below, then we could see another test of 117 to 115 before any real bounce.

For now, this looks like consolidation after a shakeout. Smart money usually builds positions in silence. Patience matters here.

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