Overview
- After sliding to $117, buyers lifted SOL back above $120, with the latest trading above $125 and stalling near $128.
- Intraday structure maps support at $120–$122 and resistance at $123.50–$127, with $128–$130 emerging as the near-term hurdle.
- The coin continues to compress within a multi-month triangle, holding rising support around $115–$120 beneath long-term resistance.
- On-chain readings cited by James Easton suggest a return to historical accumulation zones and fading downside momentum, pending confirmation.
- A break over $128–$130 would open targets at $135–$145, while a sustained drop below $120 risks deeper retracement toward $112–$115 and potentially $105.