SOL Back at $110 — Make or Break Zone ⚠️🧨
Solana got smacked after failing to hold $125, and now price chilling under $120 like momentum packed its bags. Bears in control for now.
We dipped to $112, bounced a little, but that move barely touched the 23.6% Fib — weak sauce recovery. Price still trading under the 100-hour MA, which means short-term trend still pointing down 📉
Big problem? There’s a bearish trendline sitting right at $116. That level is acting like a ceiling. Bulls need to punch through there first before even dreaming about $120.
🔼 If Bulls Wake Up
Clear $116 → opens door to $120
Flip $120 into support → next stop $122
Break $122 clean → momentum could carry toward $125 and maybe $132 if things get spicy 🔥
But right now, that’s all “if.” Structure still shaky.
🔽 If Bears Stay Pressing
Lose $112 → danger zone
Next major floor = $105
Lose that? We’re likely visiting $102 real quick, no sightseeing 🪂
🧠 Street Take
This $110–$112 area is decision time. Either bulls defend and try to reclaim trend, or sellers crack it and send SOL into another leg down.
Levels that matter:
🛟 Support: $112 → $105
🚧 Resistance: $116 → $120
No clear strength yet. Until SOL reclaims $120+, rallies looking more like relief bounces than real reversals. Stay sharp.
