Overview
- SOL trades above $165 and the 100‑hour simple moving average, with an hourly rising channel capping price near $175.
- Analysts flag a wider $165–$179 resistance cluster, with a failure to reclaim $179 likely confirming a lower high within the broader downtrend.
- Recent gains followed support reactions near $146 and an earlier defense of the $131 structural level after the early‑November channel breakdown.
- Volume on the rebound remains weak, leaving the recovery vulnerable to a pullback if buying conviction fades.
- If rejection holds at $172–$175, downside levels to monitor include $165, $162, and $155, with deeper risk toward $146 and $131 despite ongoing ETF inflows over the past 10 days.