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SOL Facing Resistance
SOL hit a wall. That $210-$212 supply zone rejected it pretty hard - not the first time this has happened either. Now drifting down toward that $196-$192 zone. Important area. It's where that crazy vertical move started before.
Bulls need to step up around $192. If they do, maybe another push higher comes next. Third attempt at breaking through? Who knows. Price drops below that zone though? Might slide down to $184-$176. Seems like there's still decent volume interest down there.
That volume spike during the rally? Kind of surprising. Looks like whales making moves. Watch carefully. Could be a trap. Or maybe confirmation.
My feeling? Sort of neutral to bearish short-term. At least until it finally pushes through and stays above $212.
$192 is the key. Smart money's eyes are glued there. Not entirely clear what happens next, but this zone battle is playing out just like the textbooks show. Classic price action on the SOL chart right now.