Interesting pattern in SOL: Is history repeating itself? #TradersLeague #sol
Observing the weekly chart of SOL/USDT:
- Same accumulation pattern as before the April 2025 rally
- Strong support at $158 (institutional buying zone)
- Key resistance at $172 (breakout = bullish signal)
Relevant data:
1. Network activity continues to grow (15% more than the previous month)
2. Open Interest in futures stable
3. Spot volume increasing on dips
Possible scenario:
If it holds $158, it could try to break $172 this week
If it loses $158, next support at $152
Do you see an opportunity in SOL now? Or do you prefer to wait for confirmation?