$SOL
1. Price Action Structure:
The chart shows a significant downtrend from late February to April 2025, followed by a bullish recovery.
A higher low has been formed recently, hinting at a potential trend reversal.
2. Key Levels:
Support Zone: Around $133.39–$140.05 (highlighted grey box).
Resistance Target: Around $219.87, which aligns with a previous swing high.
Current Price: Approximately $164.30.
3. Chart Labels:
LSH (Last Swing High)
LSL (Last Swing Low)
These labels help identify the previous structural pivot points.
4. Projection:
The arrowed path and highlighted purple region indicate a bullish projection scenario.
It suggests price might consolidate and then continue upward, potentially targeting $219.87.