$SOL is currently in a consolidation phase after a correction from its January 2025 peak of $293.31. The neutral technical outlook and moderate sentiment suggest it may be preparing for the next wave—if catalysts emerge.

Technical Analysis

• Support Levels:

 • $140 (immediate, strong due to high trading volume)

 • $120–$130 (critical zone, tested in April 2025)

 • $100 (psychological level, last line of defense)

• Resistance Levels:

 • $150–$160 (immediate, with a failed breakout in April)

 • $184–$200 (primary, near the 0.618 Fibonacci level from the ATH)

 • $250–$300 (long-term, near the January ATH)

• Moving Averages:

 • 50-Day SMA: ~$144–$145, trending downward, indicating short-term weakness

 • 200-Day SMA: ~$165–$170, trending upward, indicating long-term strength

• Volume: Moderate overall, with spikes around $140–$150, suggesting accumulation by smart money

• Chart Patterns: Potential cup and handle pattern forming on the weekly chart, with breakout potential above $160

Hidden Insight:

SOL is showing a bullish divergence on the daily RSI (price stabilizing while RSI rises), which often precedes a rebound. Additionally, increasing volume near $140 suggests whales are accumulating at these levels—an activity not yet apparent to the broader market.