SOL $126.61 turned up from $112 on March 11, signaling that the bulls are fiercely defending the $110 support.
The RSI shows early signs of forming a positive divergence, indicating that the bearish momentum could weaken. The first sign of strength will be a break and close above the 20-day EMA ($145).
If the price turns down from the current level or the 20-day EMA, it suggests that every minor rally is being sold into. That increases the risk of a break below $110. The SOL/USDT pair could tumble to $98 and subsequently to $80.