$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
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