Let’s Focus on SOL – A Key Level to Watch
On the weekly chart, SOL is currently pulling back toward a significant long-term uptrend line that has been supporting the market since 2023. The $70–$60 zone emerges as a critical area for potential accumulation.
Why is this zone important?
• It aligns with the long-term ascending support
• It coincides with a previous consolidation range
• It has demonstrated strong historical demand
After a substantial upward move, pullbacks to higher timeframe support levels are typically ideal spots for building positions.
For me, this is a high-potential zone to accumulate, provided the overall structure remains intact. Major levels like this often present excellent trading opportunities.
SOL
77.26
-2.86%