$SOL

Watching $SOL on the 1-hour chart right now, and the price action looks slow but very telling.

SOL is trading around 121.9 after rejecting the 123–124 zone again. I can clearly see price staying below the 25 and 99 EMA, which shows sellers still have short-term control. The bounce from the 120.6 low was decent, but volume didn’t expand much, so buyers aren’t fully convincing yet.

RSI is sitting in the low-40s area, which usually signals weak momentum but also hints that downside pressure is easing. This looks more like consolidation than panic selling. As long as SOL holds above the 120 support, a sideways range or small relief move is possible. However, losing 120 could open the door for another leg down.

Right now, it feels like the market is waiting.

Do you think SOL will reclaim 123 soon, or are we heading for another support test?

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