🔻 SOL is running into the wall sellers are watching
$SOL recovered nicely from the panic low near 60, but the bounce is now meeting the same descending pressure line that has controlled the whole move. Price is not weak enough to call immediate continuation, but it is also not strong enough yet to confirm a trend reversal.
The important question here is simple: can SOL break through this trendline, or will this become another lower high?
My trading map:
Seller zone: 66.50 – 67.50
Confirmation for weakness: below 64.50
Next support: 62.00 – 63.00
Downside target: 60.00 – 61.00
Bullish invalidation: clean move above 68.50
I would be careful chasing longs directly into this resistance. If buyers fail to reclaim the upper line, SOL could rotate lower again and retest the bottom of the structure before any stronger recovery attempt.
Is this SOL bounce strong enough to break the trend, or are sellers setting up another rejection?