SOL continues to trade within a well defined descending channel that has been active for a while. $SOL After reacting from the lower boundary of the channel, price attempted a short term recovery, but is now showing consolidation near the mid upper zone of the structure.
The current pricearea around 135–138 USDT is acting as a short term balance zone. The lack of strong volume expansion suggests that upward momentum remains limited for now.
Key technical levels to watch:
Resistance: 145 – 155 – 170 USDT
These levels align with previous horizontal resistance areas and the upper region of the descending channel.
Support: 130 – 120 – 105 USDT
Especially closes below 120 could increase downside pressure toward the lower channel boundary. #USNonFarmPayrollReport
In the short term, price is moving within the 135–145 range, indicating a decision phase. Holding above this zone may allow for a stronger reaction, but a clear trend reversal would require a confirmed channel breakout supported by volume.
Overall, SOL remains in a corrective structure and until direction is confirmed, price action is likely to stay controlled rather than aggressive.
