$SOL
had two failed breakouts above the $207 resistance. Price is now back inside the range, currently at ~$149, just above key support at ~$120.
🧠 Scenarios to Watch:
✅ Bullish Scenario – Retest / Accumulation
$120 support holding again = potential spring.
Accumulation at the bottom could lead to another breakout attempt.
Watch for volume increase and higher lows.
⚠️ Bearish Scenario – Failed Market Structure
If $120 breaks → potential freefall to sub-$100.
Would confirm previous breakouts were fakeouts/bull traps.
🔄 Neutral Scenario – Range-Bound
SOL stuck between $120 and $207.
Still in a sideways market until one side breaks with volume and momentum.
🚨 Wildcard: Trump Launching a Coin on Solana
🔥 If it goes well:
Major hype, press attention.
Surge in new wallets and on-chain activity.
Could lead to a breakout above $207.
⚠️ If it’s a Liquidity Extraction Event:
Short-term pump, but insiders may dump on retail.
Could nuke SOL and the whole ecosystem.
Trust damage + sell pressure = major downside risk.
📌 Key Levels:
Support: ~$120
Resistance: ~$207
Current Price: ~$149