$SOL /USDT – Long Trade Stalls at $114.33, Momentum Wavers
Price: $112.73 | Change: -11.38%
After a steep sell-off, #SOL rebounded sharply from $112.24 and attempted a breakout above $114.33. However, buyers failed to sustain the move, and the price quickly faced rejection—shifting attention back to short-term support levels.
Market Snapshot:
24h High: $136.21
24h Low: $112.24
Current Price: $112.73
24h Volume: 9.23M SOL
1-Min Chart Insight: Multiple rejections near $114.33 suggest bearish pressure building above.
Technical Analysis:
The recovery was strong but short-lived.
Price formed a lower high and began pulling back, showing signs of weakness.
Buyers need to reclaim $114.33 and push toward $115.20 to regain bullish structure.
Failure to hold above $112.60 could expose downside risk back toward the $111.50–$110.80 zone.
Trade Strategy:
Entry Zone: Watch for a confirmed bounce near $111.50–$112.00
Upside Targets: $114.50, $116.00, and $118.20 (if momentum returns)
Stop Loss Zone: Below $110.50 to protect against deeper retracement
Confirmation Trigger: 15-min candle close above $114.40 with volume spike
Outlook:
SOL is in a decision zone. A reclaim of $114.33 can shift sentiment bullish again. Otherwise, sellers might drag it lower for another support retest. Keep risk tight and stay reactive.
Buy and Trade here on $SOL
