📍 Overview:
SOL has successfully broken out of a major descending trendline that has been acting as resistance since mid-June. Price is now consolidating above that line, forming a tight accumulation zone — a classic pre-breakout setup.
🔍 What I'm Watching:
Price is currently holding within a sideways range (highlighted in purple).
The previous downtrend line may now act as support — I'm watching closely for a retest of that trendline.
Moving averages are curling upward, signaling a shift in trend.
Volume has declined during consolidation — which often precedes a strong move.
📈 Potential Setup:
A breakout from this accumulation box could trigger a strong bullish continuation, possibly toward the next supply zone around $150–$154.
If price breaks down from the box, I’ll look for a trendline retest as a second chance long entry.