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$SOL
SOL/USDT – Monthly Chart Analysis
SOL appears to be in a larger corrective phase after completing a major impulsive move. Price has already rejected from the upper supply zone around 252–264, forming a lower high and confirming bearish structure. Currently, SOL is hovering near weekly support around 114–120, but momentum remains weak.
As long as price stays below the key resistance at ~145, downside risk dominates. A breakdown of weekly support could open the path toward deeper correction, with Support-1 near 67 and extended downside potential toward the 40 zone, aligning with a possible wave (C) completion. Overall bias remains sell on rallies until strong monthly demand is reclaimed.