$SOL is still showing a clear structure on the higher timeframe.

The broader downtrend remains intact, and price continues to struggle near the upper boundary of the descending channel. The recent upside move was met with resistance, suggesting it was more of a relief bounce than a confirmed trend reversal.

The 127–130 zone stands out as a key short term area. It acts as both horizontal support and a structural level from the recent move. Failure to hold this range keeps downside pressure in play.

If this zone breaks with acceptance, the next areas to watch are 118–120, followed by the 105–110 range, where liquidity is likely to be revisited under the current structure #WEFDavos2026

On the upside, the market needs to reclaim 140 with daily closes to shift sentiment. A more meaningful structural improvement would only come above the 155–165 zone #TrumpCancelsEUTariffThreat

In short

The downtrend is still in control.

Support levels are being tested.

Clear confirmation is still missing.

At this stage, patience and level awareness matter more than anticipation.