Key Factors to Watch for $SOL
Trend Analysis
Bullish: Uptrend with higher highs and higher lows.
Neutral: Consolidating within the $120–$150 range.
Key Support & Resistance Levels
Support: $130 (psychological level), $120 (previous swing low).
Resistance: $150 (recent high), $160 (next key level).
Potential Scenarios
✅ Bullish Case
A breakout above $150 with strong volume → Targets $160–$170.
Triggers: Positive ecosystem news (e.g., major project launch) or Bitcoin rebound.
❌ Bearish Case
Failure to hold $129 → Possible drop to $120 or lower.
Triggers: Market-wide sell-off or SOL-specific updates (e.g., April 2nd events).
⚖️ Neutral Case
Range-bound between $130–$150 → Await a clear breakout.
Additional Considerations
SOL’s price action is correlated with Bitcoin—if BTC dips, SOL may follow.
Monitor macroeconomic news like Fed rate decisions.
Avoid over-leveraging due to market volatility.