Alright team, taking a look at $SOL on the 1-hour here.
Looks like we've seen a pretty sharp move down into that mid-$130s area around the 23rd, which seems to have acted as some decent support.
We've had a nice bounce from there, pushing up towards $160.
However, since then, we've seen some consolidation, almost like a gradual move lower, finding resistance around $150 and then again at $148.
Currently, it looks like we're hovering just under $148.
The volume isn't screaming at me right now, which suggests this isn't a high-conviction move either way.
Possible next moves? If we can break and hold above this $148 level, we could retest that $150-152 zone.
But if this resistance holds and we start to lose ground, we might see a retest of the $144-145 area, and potentially even back down towards $140 if things get ugly.
Gotta watch how this consolidates.
Stay nimble out there.