Bullish Scenario: If SOL manages to break above the resistance level at $148.20 after a retest to 116.83 and $104.26 support levels then it would be a bullish sign. There will be a higher chance that we might test the next resistance level at $168 and $188. Breaking above $188 price level with significant buying volume will lead to a good chance of crossing above $195.
Bearish Scenario: SOL has been in an uptrend channel since the last few weeks. However, if the $104.26 support level is not maintained, the price will fall to $81, and even lower sooner or later.
Bearish Scenario: SOL has been in an uptrend channel since the last few weeks. However, if the $104.26 support level is not maintained, the price will fall to $81, and even lower sooner or later.