SOL just had a straight bounce up to nearly 139 after a tiring sideways phase around 132. Looking at the 30m chart will make it clear: the drop to 130 was just a liquidity sweep, with no follow sell. After the sweep, SOL bounced back upright, proving that the buyers are completely in control.
The most notable thing is that SOL has not broken below 132 anymore, despite being pressured continuously. This kind of holding pattern usually appears when preparing to open the next rhythm. If SOL bounces back to 134.5, a direct jump to 137 is normal because the liquidity zone above is thin. If SOL runs, it never runs slowly.
SOLUSDT
Perp
132.48
-4.15%
