SOL
Clearly within a descending channel on the daily time frame. Structurally, the bear market still has control with lower highs and lower lows, no doubt about that. The recent rebound stopped right at the channel resistance level around 144-145, indicating that sellers are actively defending this price level.
Currently, the price is hovering around 132, in the lower-middle part of the channel.
This is a dangerous area for bulls:
Below approximately 128-125, the probability of retesting the channel low of 118-112 will increase.
A breakout above 145 (daily close) would be the first real strong signal, potentially opening the way to 155-165, but such a breakout has not yet occurred.
Momentum looks weak but is stabilizing; it’s not a complete collapse, more like a consolidation before the next directional move.
Bottom line:
As long as SOL stays below 145, this remains a "sell on rallies/range trading" market, rather than a trend reversal. Bulls need a clear breakout; the bear market is structurally dominant, not in speed.
