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Currently, SOL is consolidating around 135, with bulls and bears battling repeatedly in the 130-138 range. A directional move is imminent.
Bulls: Holding above 130 is key. As long as the 128 support isn't broken intraday, any pullback is just building momentum, with targets at 138-144.
Bears: If 130 is decisively broken, the short-term structure weakens, and the 125 or even 120 support levels will be tested, especially if Bitcoin sees a stronger pullback—SOL could quickly move lower.
Key points:
Short-term strength/weakness threshold: 130
Breakout acceleration point: 138
Bearish structure signal: Break below 128
Currently, the market is more likely to take the "support holds, rebound continues" path, but be sure to monitor the broader market closely—price won't stay at key levels for long.