🔥 Solana (SOL) Around $120: Calm Before the Storm!
The market isn’t just “consolidating” – it’s gearing up for a decisive move. The $120 zone will tell the full story.
🐻🐂 Solana is on the edge, hovering between $118–$120 – the last major support. This isn’t just sideways movement; it’s a phase of accumulation, where every tick and every position counts. Traders are watching closely as the market gathers energy for the next big move.
⚡ Key Points
Support & Resistance: $118–$120 is crucial support; $127–$130 is the first resistance; $132–$136 is the critical zone that will determine whether SOL breaks higher or remains under pressure.
Liquidity Battle: Derivatives dominate – bulls vs. bears, shorts vs. longs. Each move can trigger reactions, creating volatility and opportunity.
USDC Impact: High liquidity allows larger trades, but currently it fuels volatility rather than shifting the trend.
Potential Catalysts:
Short squeeze: A sustained break above $130–$136 could trigger liquidation of shorts and a rapid upward move.
Fundamentals: Success of Firedancer or changes in staking reward dynamics could provide medium-term support for a trend reversal.
⚠️ Conclusion
💡 The essence: Don’t try to “beat the market.” Observe, recognize key levels, and act disciplined when clear signals appear. Solana is in a critical phase – the movement is coming, and readiness combined with smart action is what separates success from missed opportunities.
