$SOL / USDT – Market Report (1H Timeframe)
SOL is currently consolidating around the 132–133 zone after a sharp decline and recovery. The price is stabilizing above key short-term support, indicating a possible continuation of the uptrend if buyers come in with volume.
Market Structure:
Strong impulsive drop followed by recovery
Price holds above support 131–132
Sideways consolidation forming a base
Key Levels:
Support: 131.0 – 132.0
Major Support: 128.5
Resistance: 134.5 – 136.0
Upper Target Zone: 140.0 – 142.0
Forecast:
If SOL holds above 131, a break above 134.5 could trigger a bullish move to 138–142, aligning with the projected upward arrow. Failure to hold 131 may lead to a retest of 128–129 before the next attempt to rise.
Conclusion:
SOL is in a decision-making zone. A bullish continuation is desirable upon confirmed break above resistance, while downside risk remains limited as long as support holds. Traders should wait for confirmation and increased volume before aggressive entry.$SOL
