On-Chain Signal: Why This SOL Support Matters
After the recent sell-off, $SOL is consolidating at a key support zone where demand is starting to absorb supply. This often signals that selling pressure is fading and a potential structure shift is forming.
If bulls continue to defend this liquidity pocket, it strengthens the case for a base and opens room for a short-term bounce toward the next resistance area.
Verdict: cautiously bullish.