SOL at $116 — sitting on weekly support with a clear higher‑timeframe setup
$SOL is trading around $116, right inside a major weekly support zone that has been relevant for over a year. Price is pulling back into an area where buyers have historically stepped in, and the chart is showing a potential higher‑timeframe rotation if this zone holds.
Key Levels
Support Zone: $100–$120 — strong weekly demand, currently active
Upside Target: $259 — major resistance and the next meaningful weekly level
Current Price: $116, sitting right on top of support
What the Chart Suggests
SOL has been trending up on the higher timeframe, and this pullback is the first real retest of the weekly demand since the last major leg.
If this zone holds, the structure supports a move back toward the $259 region — that’s the next clean level on the chart.
If buyers fail to defend this area, the entire weekly structure shifts, but for now the reaction zone is clear and price is exactly where it needs to be for a potential continuation.
📌 My View
SOL is at a meaningful weekly level.
Hold this zone → room for a strong rotation toward $259.
Lose it → the trend weakens and the chart opens up lower.
For now, the weekly support is doing its job.