$SOL Weekly Resistance Crunch – Break $160 or Back to Channel Lows? 📉🚀

Solana's 3W chart (Dec 4, 2025) is slamming into the multi-year horizontal resistance box at ~$160 after a sharp rebound from $100 lows, now tracing the rising channel but showing rejection wicks with thinning volume – a high-stakes test amid broader alt rotation and ETF buzz.

Current price ~$142 with a neutral weekly close above the trend line, but bearish RSI divergence hints at potential fakeout.

Bullish case building if holds:

✅ Channel support intact at $120 (200W MA confluence)

✅ MACD histogram flatlining near zero, coiling for upside cross

✅ RSI neutral at 46, with room to run if volume spikes

✅ Ecosystem tailwinds: Fire dancer upgrade eyeing 1M TPS

Trend: Bullish bias with risk/reward skewed to breakout above $160 unlocking next leg, though support at $135 likely holds short-term. Deeper dip to $110 if rejected hard without catalysts.

Targets ahead:

→ $160–$170 short-term (resistance flip to support)

→ $200–$220 by Q2 2026 (channel top)

→ $300+ cycle extension on altseason fuel

Bear case: Weekly close below $135 targets $110. Watch TVL inflows for conviction.

#Solana #SOLAnalysis #AltcoinSeason