$SOL L at a Crossroads — Bulls on the Edge, Bears Watching Closely
After a sharp push, $SOL was rejected hard at $161.25 with a wave of selling pressure stepping in. Price is now hovering over a key demand zone between $160.20 and $160.50 — and the next move could be the spark for a major shift.
Momentum is coiled. Volume is rising. The chart is loaded with tension.
Two Scenarios in Play:
– A break and close above $161.25 flips the script bullish, with $163.50 in sight
– A slip below $160.20 opens the door to $157.80 and deeper downside
Buyers are active, but resistance remains heavy. The next two candles will speak volumes. Stay sharp — the breakout or breakdown is close.
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