$SOL is trading at 127.85, down −0.49%, stabilizing just above MA60 at 127.81 after rejecting the 130.20 intraday high. Price remains boxed inside the 24h range of 125.28 – 130.20, signaling hesitation, not breakdown.
24h Volume:
SOL: 1.96M
USDT: $250.32M
Liquidity is steady but not aggressive, suggesting participation without conviction. This is positioning, not panic.
On lower timeframes, SOL shows uneven pushes higher followed by quick fades, highlighting seller presence near 128–130 while dip buyers continue to defend the mid-range. MA60 is acting as a short-term equilibrium line, preventing expansion in either direction.
This is a cool-off zone after prior strength. Holding above 127 keeps structure neutral-to-bullish. A clean reclaim of 130 would signal momentum revival, while failure risks a drift back toward the 125 demand pocket.
No trend acceleration. No collapse.
Just Solana consolidating under overhead supply.
