$SOL Solana has moved inside a narrowing downward channel for almost four months. SOL now sits near $133 and traders watch for a breakout while the price tests key support levels.
👉 Solana now stands at a decisive moment - SOL sits at $133 after four months locked in a narrow range. The token drifts inside a clear downward sloping channel and the latest price action shows it resting on the lower edge. The prolonged tight range signals that the market is coiled and ready to jump either up or down.
👉 The daily chart displays a downward channel that has guided SOL since late summer. Every upward push stalls at the upper line, while the latest candles show that sellers are running out of steam near the base. The RSI has turned upward from oversold territory, which points to strengthening momentum.
👉 After almost four months of sideways drift, SOL's next step is likely to matter. Extended flat periods in crypto are often followed by sharp moves. Traders now wait to see whether buyers appear in strength and drive SOL toward the channel's upper resistance - such a break would mark a likely trend reversal and would reframe sentiment around Solana as the next market phase begins.
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