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#WeakNFPShakesRateHikeOdds $SOL is trying to reclaim the trading range it spent nearly four months consolidating within.
We had been watching this zone closely, expecting a significant move once price broke out. That breakout came in early June but was followed by a sharp pullback of more than 20%.
Now, with SOL recovering and pushing back above the $78 level, the structure is starting to look more constructive. If buyers can hold this reclaim, it could set the stage for a move back toward the upper end of the range.
I'm paying close attention to how the next few candles close around this area before deciding on the next move.