After establishing a solid bottom at the $118 level and consistently accumulating around $125, $SOL is ready for a breakout. The current structure on the 1H chart is a tightly compressed spring. The price lines are converging, preparing for a powerful breakout from the short-term resistance.
This is not the time to look for reasons "why it is not rising", but rather the time to see the opportunity when the structure is clearly defined. The bears are desperate to keep the price below the $130 range, and once this range is broken, a strong Short Squeeze will push $SOL back to the $140+ area in the blink of an eye. Don't ask why the price is rising, ask why you still don't have a position when all signals have confirmed.
SOLUSDT
Perp
126.48
+1.23%