$SOL has broken out from a brief consolidation period (likely a bull flag or pennant) on increasing volume, confirming buyer commitment. The move lacks the exaggerated wicks of a fakeout, suggesting genuine buying pressure. The prior consolidation now acts as immediate support. A hold above this zone could force recent shorts to cover, adding fuel to the upward move.

Key Levels:

· Breakout/Support Zone: $123.40 - $123.60 (This is the critical area; holding above it validates the breakout).

· Resistance (Previous High): ~$124.80 (First major test).

Trade Plan:

· Optimal Entry: $123.65 - $123.80 (Pullback to the breakout zone for better risk/reward).

· Aggressive Entry: On a confirmed hold above $124.00 with momentum.

Targets:

· T1: $124.80 (Liquidity at prior high, partial profit zone).

· T2: $125.50 (Measured move extension).

· T3: $126.20 (Next projected resistance).

Risk Management:

· Stop Loss: $122.90 (Placed just below the consolidation low and breakout zone).

· Risk/Reward (to T1): ~1:1.5 | (to T3): ~1:3.2

Thesis Invalidation: A sustained break and close below $123.40 would signal a failed breakout, negating the immediate bullish premise.