$SOL has broken down from a key consolidation range ($114–$130) that held for several months. That level now acts as resistance. The weekly bounce looks promising, but we are trading in free air with no real structure below until $56.
TO WATCH
ATH Resistance: $295.60
Major Resistance: $248.96
Resistance: $182.75
Flipped to Res: $114.81 ← critical
Support Target: $56.09
Cycle Low: $7.78
STRUCTURE
• Weekly trend: Lower highs, lower lows since Jan 2025 peak
• Price is ~70% below the ATH of $295
• Broken consolidation box = strong overhead resistance now
• No structural support between $86 and $56
SCENARIOS
BULL: Weekly close back above $114.81 → watch $182 then $248. Needs strong BTC momentum.
BEAR: Bounce rejected below $100 → next destination $56. Losing $56 opens a deeper downside.
One weekly candle does not change the trend.
Watch the weekly close. 👀
TO WATCH
ATH Resistance: $295.60
Major Resistance: $248.96
Resistance: $182.75
Flipped to Res: $114.81 ← critical
Support Target: $56.09
Cycle Low: $7.78
STRUCTURE
• Weekly trend: Lower highs, lower lows since Jan 2025 peak
• Price is ~70% below the ATH of $295
• Broken consolidation box = strong overhead resistance now
• No structural support between $86 and $56
SCENARIOS
BULL: Weekly close back above $114.81 → watch $182 then $248. Needs strong BTC momentum.
BEAR: Bounce rejected below $100 → next destination $56. Losing $56 opens a deeper downside.
One weekly candle does not change the trend.
Watch the weekly close. 👀