$SOL BREAKOUT OR PULLBACK? Is Testing the Cliff—Will $129 Hold or Give Way?
$SOL is currently trading at $129.46, up just +0.72%, but the price action says otherwise. After rejecting hard from the $134.45 high, it has slipped into a downtrend and is now pressing on critical support. Volume is at 3.33M, and order book stats are sharply skewed with 71.26% sellers, signaling rising bearish pressure.
Key Levels to Watch:
• Immediate Resistance: $131.50
• Immediate Support: $127.70
Trade Setup – High Stakes at This Zone
Bullish Scenario:
If $SOL breaks back above $131.50:
• TP1: $133.00
• TP2: $134.50
Bearish Scenario:
If $127.70 breaks down:
• TP1: $125.30
• TP2: $122.00
Stop-Loss:
• Long SL: $127.60
• Short SL: $131.70
.Watch closely—this level will not hold for long without strong buyer intervention.