I blinked and $SOL slid fast. One clean red drop from the 125 area, then - well - buyers tried to patch the hole near 123. The bounce looks real, but it still feels like the chart is asking, “was that panic, or a plan?”
Right now price sits near 123.83, inside today’s box: 125.08 high, 123.08 low. RSI is a “heat meter” that tracks how hard price has pushed lately. Near 47, it’s basically mid. Not hot, not dead. Just… unsure.
For me, the map is simple. 124.7 is the first ceiling to win back. If it keeps failing there, 123.1 is the floor to guard, then 122.8. Volume spiked on the drop, so I’m watching if the bounce gets real fuel, or runs out of breath.
SOL
122.78
-4.62%