$SOL SOL is trying to stabilize after a sharp drop. The price bounced from a key demand area and is now moving sideways. This zone is important for the next move.
Current Structure
The market made a lower low near 112 and reacted strongly. After the bounce, the price is forming a short-term base around 116. This shows buyers are active, but they are still building confidence.
Key Support Levels
112.0 - 113.0, Major demand zone
115.0, Intraday support
As long as the price stays above this area, downside pressure remains limited.
Key Resistance Levels
118.5 - 119.0, First resistance