$SOL just experienced a sharp 4H liquidity flush, dropping aggressively from the ~$126–$127 region into the ~$115.4 low before snapping back toward ~$116.5. This was a fast, impulsive move — not a slow breakdown — which strongly suggests stop-hunting below prior structure rather than a clean trend reversal.
The immediate bounce shows short-term seller exhaustion, but like BTC and ETH, this is still a reactionary move, not confirmed demand. There’s no base or consolidation yet, and price is still trading below former support that’s now likely to act as resistance.
The $118–$121 zone is the key area to watch. As long as SOL stays below this range, any upside is corrective and vulnerable to another rejection. Sellers are likely to defend this zone aggressively if price revisits it with weak volume.
If SOL loses $115 on a 4H close, continuation toward $112–$110 becomes likely, with deeper liquidity resting near $105 if market-wide pressure resumes. The structure would remain bearish in that case.
For bulls to shift momentum, SOL needs to reclaim $121, then hold above $124 with strong volume and acceptance. Without that, this bounce should be treated as a relief move within a broader bearish sequence.
Bias remains short-term bearish, reactive bounce. Chasing longs here is risky — cleaner opportunities come either on confirmed reclaim levels or deeper demand zones where risk is better defined.
