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People think $SOL is finally recovering here, but I’m seeing something else entirely.
We’ve been bouncing between $76 and $87 for a while now, and honestly, it’s looking messy. That rejection at the $87.67 high today shows that there just isn't enough gas in the tank to break this range yet.
Volume is sitting at a decent $352M, but we’re stuck in this pivot zone near $84. If we don’t get a solid push above $85 soon, I wouldn't be surprised to see us drift back down to the $80 area to test that local support again.
I’m staying patient on this one. No point in forcing a trade when the price action is just ranging sideways like this. A clean daily close above $88 is what I’m waiting for to actually feel bullish.
Watch the order book. If those bids at $83 start disappearing, the drop back to $80 will be fast.
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