$SOL is coiling tightly at a critical decision point, with all moving averages converging around $125. Price is testing the long-term descending trendline resistance while finding support from the MA cluster. This compression pattern indicates an imminent breakout. A clean break above $127 with volume would signal bullish continuation, but rejection could lead to retesting support.
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$SOL is coiling tightly at a critical decision point, with all moving averages converging around $125. Price is testing the long-term descending trendline resistance while finding support from the MA cluster. This compression pattern indicates an imminent breakout. A clean break above $127 with volume would signal bullish continuation, but rejection could lead to retesting support.
Targets:
TP1: $130
TP2: $135
TP3: $141
Stop Loss: $122.50