$SOL — Weekly structure under pressure, critical support in play
On the weekly chart, $SOL is showing clear signs of structural weakness after failing to hold above the mid range resistance around $170 – $180, Price has rolled over and is now trading below the short and mid term moving averages, confirming a loss of bullish momentum.
The recent sell off has pushed SOL down toward the $120 – $125 region, which is now a key structural support aligned closely with the 200 week moving average, This zone is crucial for higher-timeframe trend health:
Holding above $120 could allow SOL to stabilize and attempt a base building phase.
A weekly close below $120 would be a major bearish signal, opening downside risk toward $100–105, and potentially deeper if momentum accelerates.
RSI on the weekly timeframe is drifting lower and approaching neutral-to-weak territory, suggesting momentum is cooling rather than oversold, leaving room for further downside if buyers fail to step in.
Overall, $SOL is at a make-or-break area on the higher timeframe. Bulls need a strong reaction and reclaim of $140–150 to shift momentum back in their favor. Until then, the bias remains cautious to bearish, with patience required around this support zone.
