Dear @BlockchainBaller it could also be down, just like BTC in mid-November.
BlockchainBaller
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wait… wait… wait… Guys, stop scrolling and focus on $SOL this is a higher-timeframe setup forming in plain sight.
This is the daily chart, and the structure here is very clear....
What the chart is showing...
$SOL has reacted twice from the same major demand zone around the 120–130 region. That zone has now acted as strong accumulation support after a long downtrend from the highs.
The second reaction is important it confirms buyers are defending this area, not just a one-time bounce.
This is how base formation before expansion usually starts.
Current structure
Strong demand holding near 120–130
Downtrend pressure has weakened
Price is building higher lows from the same base
Momentum is slowly shifting upward
As long as SOL holds above this demand zone, the bias remains bullish on higher timeframes.
Future upside targets (if structure holds)
If SOL continues to respect this base and breaks above near-term resistance: