$SOL
Sol Major Resistance Confluence & Rejection Setup 📉
SOL is flashing a critical technical setup as price action approaches a heavy resistance confluence — a zone where multiple bearish signals overlap, increasing the probability of a downside reaction.
🚧 1. Major Resistance Block Tested
SOL has reached a key resistance area between $200 – $210, a zone where price has been rejected multiple times in the past.
This zone acts as a supply block, where sellers continue to dominate.
📉 2. Downtrend Line + Horizontal Resistance
A descending trendline from the recent swing highs intersects perfectly with the horizontal resistance.
This creates a double confluence, strengthening the likelihood of rejection.
When a trendline + horizontal resistance meet, price often stalls or reverses sharply — exactly what we’re seeing now.
🔻 3. Rejection Candle Structure Appears
Recent candles show:
Long upper wicks
Weak bullish follow-through
Strong bearish engulfing signs
This confirms seller aggression at the top of range.
⚠️ 4. Breakdown Threat Increasing
If SOL fails to reclaim the $200 zone with strong volume, the next support targets could be:
$180 (minor support)
$165 – $170 (major demand zone)
$150 (trend support + psychological level)
A break below $180 could trigger accelerated downside momentum.
🧭 What Bulls Need
For bullish continuation, SOL must:
Break and close above $210
Retest the level as support
Push toward $230 – $250
Without this, the bearish confluence remains dominant.
🎯 Conclusion
SOL is at a critical crossroads. Resistance confluence, trendline rejection, and bearish candle formations suggest a possible deeper pullback in the near term.
Traders should monitor the $200 – $210 zone closely—this is where the next major move will be decided.