ON-CHAIN SIGNAL: Why This $SOL Support Level is Critical 🛡️

After a significant market flush, Solana ($SOL ) is currently consolidating within a high-stakes support zone between $124 and $127. This is a pivotal "Liquidity Pocket" where we are seeing demand begin to absorb the overhead supply—a classic early signal that the aggressive selling momentum may finally be losing steam.

The Market Structure Shift

On-chain metrics indicate that while the short-term trend has been bearish, buyers are stepping in to defend this structural floor. A confirmed defense of this level suggests a strong base is forming, paving the way for a potential trend reversal.

The Target

If the bulls can successfully hold this line on the daily close, it could trigger a sharp relief bounce. Our first logical objective is the $132 - $135 resistance zone, which acted as recent support and will now serve as the first major test for the recovery.

Verdict: Cautiously BULLISH. Keep a close watch on the volume—a spike here confirms the floor is in.

#sol #solana #MacroInsights #AltCoinSeasony #TechnicalAnalysis