$SOL Taps $113 and Pulls Back – Is $107 the New Launchpad or a Trap❓

$SOL just made a clean sweep to $113, marking a sharp recovery from the $95.26 dip, before cooling off to $111.78. It’s currently digesting gains, but the market’s showing signs of building up for the next big move.

Snapshot:

Current Price: $111.78

24H Range: $95.26 – $113.00

Buy Pressure: Strong – bulls in control after reclaiming EMA lines

MACD: Bullish crossover confirmed – momentum building fast

Technical Markers:

Support Zone: $107.90 – $109.30

Resistance Wall: $113.00 – $117.40

Breakout Trigger: Above $113 confirms continuation

Risk Level: Below $105 could attract fresh selling

Sentiment Scoop:

$SOL bulls have stepped up big, reclaiming all short-term EMAs. If the price holds above $109, a breakout above $113 could send it toward $117–$121+. Eyes on volume and candle closings near resistance — a decisive breakout could ignite another leg higher.

Bottom Line:

#SOL is dancing right under resistance. If buyers sustain pressure, we may be looking at a new rally. But a pullback under $107 could mean more chop ahead. Stay sharp.