SOL remains in a clear daily downtrend, defined by successive lower highs and lower lows since the October peak near the 245โ250 supply zone. The prior bullish structure was decisively broken after price failed to hold above the rising trendline and the 180โ175 demand, confirming a broader bearish market phase.
Price is now compressing inside a tight consolidation at the 120โ125 demand zone, which coincides with a key higher-timeframe support and prior liquidity pool. This area has absorbed multiple sell attempts, indicating seller exhaustion and demand absorption. Volatility has contracted (ATR declining), often a precursor to expansion.
A clean daily close above 135โ140 (local supply / range high) would signal a short-term trend reversal, opening upside toward 155โ160, then 175โ180, where previous breakdown occurred. Acceptance above 180 would shift the medium-term bias back to bullish.
