$SOL /USDT is setting up for a decisive move.

Price is trading around 122.1 after a controlled pullback from the 125.6 intraday high. Despite the short-term dip, structure remains constructively bullish on the lower timeframe.

The chart shows a clear impulsive move up, followed by a healthy retracement, not panic selling. Buyers defended the 121.0–120.6 demand zone, which aligns with the 24h low and previous breakout area.

Key levels to watch

Strong support: 121.0 → 120.6

Mid support: 121.8

Immediate resistance: 123.5 → 125.6

Breakout confirmation: Acceptance above 126

Upside targets: 130 → 135 (momentum continuation)

Invalidation: Sustained breakdown below 120.5

Market behavior

Long wicks on the downside signal aggressive dip buying

Consolidation above support suggests accumulation

No structural lower low formed yet

Bias Bullish as long as price holds above 120.5. A reclaim of 123.5 can quickly open the door for another leg toward the highs.

SOL isn’t breaking down — it’s reloading.

Patience here often rewards momentum traders.

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