$SOL Stuck in Tug of War – Breakout or Breakdown Imminent?
$SOL is currently trading at $125.49, trying to recover from earlier losses. While bulls managed a small bounce off support, resistance near $126.00 is proving tough to crack. Price remains range-bound, awaiting a catalyst.
Key Levels to Watch:
• Resistance: $126.20 – A clean breakout above could revive upward momentum.
• Support: $125.00 – A breakdown below this level may accelerate bearish pressure.
Trade Setup – At a Crossroads:
• Bullish Entry: On a breakout above $126.20 with increased volume
• TP1: $128.00
• TP2: $130.50
• Bearish Entry: If price slips below $125.00
• TP1: $123.40
• TP2: $121.80
Stop-Loss:
• Longs: below $124.90
• Shorts: above $126.30
Confirmations above $126 or below $125 will determine the next wave. Watch closely for the breakout trigger.