🟢 1. Market Structure & Context
Since early April, SOL has broken out of a heavy accumulation zone at 119–124 USDT, where sellers’ stops were repeatedly hit and price found equilibrium. The break above 136–138 USDT marked a decisive Change of Character (CHoCH), followed by a Break of Structure (BOS) over 141 USDT. This attracted fresh buying and drove price to a weak high of 157 USDT. SOL is now retracing to the 144–146 USDT area, retesting long positions and shaking out shorts.
🟢 2. Key Levels
- Resistance 155–157 USDT: weak high zone where sellers are defending.
- Retest Zone 144–146 USDT: immediate support hosting short-stop clusters.
- Pivot Level 136–138 USDT: site of initial CHoCH and BOS that launched the rally.
- Accumulation Base 119–124 USDT: foundational support for the entire uptrend.
🟢 3. Volumes in Focus
- Volume spiked on the 136–138 USDT breakout, confirming bull control.
- Volume tapered off approaching 155–157 USDT, indicating buyer fatigue.
- Modest volume uptick on bounces from 144–146 USDT, showing tactical buy-the-dip interest.
🟢 4. Important Technical Signals
- CHoCH Up around 136 USDT: shift to bullish dominance.
- BOS Above 141 USDT: confirmation of a new upward structure.
- Weak High at 157 USDT: immediate seller barrier.
- Short-term BOS Down on the retracement to 144 USDT: micro-signal within the pullback.
🟢 5. Possible Development Scenarios
- Bullish: Holding 144–146 USDT and a volume-backed break above 155–157 USDT paves the way to 165–170 USDT, then to the psychological 180 USDT.
- Bearish: A drop and close below 144 USDT would retest 136–138 USDT, and if that fails, return to the 124–130 USDT range.
🟢 6. Strategic Recommendations
- Long: Enter on a clear bounce from 144–146 USDT, stop under 142 USDT, target 155–157 USDT first, then 165–170 USDT.
- Short: Look for reversals at 155–157 USDT, stop above 158 USDT, target 144 USDT initially, then 136–138 USDT.
🟢 Conclusion
SOL has secured gains above 136–138 USDT, cleared 141 USDT, and marked 157 USDT. The pullback to 144–146 USDT is a healthy retest. Defending this zone and triggering a fresh volume surge upward will confirm continuation of the medium-term uptrend.$SOL
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