$SOL Price Action Update (Simple View)

$SOL is currently facing rejection at the red box, which is a supply / resistance zone.

You can see that every time price reaches this area (144-145), sellers step in and price struggles to move higher that’s a clear sign that price is not being accepted above this zone yet.

As long as $SOL keeps getting rejected from this red area, it remains range-bound, not bullish.

🔴 What does this rejection mean?

Buyers are active, but not strong enough to break resistance

Sellers are defending this level

Market is waiting for confirmation, not ready to trend yet

✅ Invalidation (very important)

The bearish / rejection idea gets invalidated only if:

$SOL breaks above the red box

AND holds above it with a daily close

If that happens, the red box flips into support and we can then expect continuation toward the upper green zone to 168

📌 Until then:

Rejection = rejection

No breakout = no trend

Price is still inside a range

Wait for acceptance above resistance, not just a wick.