$SOL is currently stuck in a tight consolidation. It may look like a head and shoulders, but it’s actually moving within a rising channel just a very squeezed one, which makes the structure harder to read.
RSI has already broken its trendline like many alts, and price continues to struggle with reclaiming $138. If momentum stays weak, a pullback toward the lower support box remains likely.
That said, if SOL holds its range while ETH breaks below $3100 and closes under it, there’s a solid chance we see liquidity rotate into SOL, potentially driving a move above $150 and even toward $170.
But keep an eye on $127 lose that, and the
structure could break down fast
