$SOL Channel Test – Bulls Defend or Bears Dominate?

SOLUSDT SOL Channel Test – Bulls Defend or Bears Dominate?

Current trend: SOL's hugging the descending channel lower boundary, dipping to 143.5 support after rejection from 182 highs—classic pressure cooker with thinning red volume signaling possible relief 🛡️.

Hold support? Strong potential yes; hammer candles and prior confluence zone could draw buyers for a squeeze play.

Breakout above resistance? On horizon if 182 flips—igniting 7-10% rally to channel top 🚀.

Dip risk? Moderate to 140 on break, but oversold prevents panic flush.

Target: Upside 160 short-term; downside 138 buffer.

Indicators tracking: RSI (30, oversold bounce), Channel slope, and OBV divergence 📊.

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