SOL/USDT is clearly moving inside a descending channel on the daily timeframe. Structure-wise, bears still have control — lower highs, lower lows, no ambiguity there. The recent bounce stalled exactly near channel resistance around 144–145, which tells you sellers are defending that level aggressively.
Right now price is hovering near 132, sitting in the middle-to-lower part of the channel. That’s a danger zone for bulls:
Below ~128–125, the probability increases for a revisit of the channel low near 118–112.
Above 145 (daily close) would be the first real sign of strength and could open the door for 155–165, but that breakout hasn’t happened yet.
Momentum looks weak but stabilizing, not collapsing — more like consolidation before the next directional move.
Bottom line:
As long as $SOL stays below 145, this is still a sell-the-rally / range-play market, not a trend reversal. Bulls need a clean breakout; bears are winning on structure, not speed.
