#DecemberMarketOutlook

SOL/USDT at critical support: time for a rebound or a pause before the rally?

The current price of SOL is $131.71 (-2.51%), reflecting a general correction in the market. However, the technical picture indicates approaching a key level where the next significant wave may be determined.

Key Bollinger levels:

· Resistance (UB): $144.64
· Middle line (BOLL): $136.04
· Support (LB): $127.45 ✅

The price is in the lower part of the channel, testing the zone $130.34–$127.45. Holding this level has historically often preceded strong upward movements.

Volumes and momentum:

· SOL volume (SOL): 850.15K
· USDT turnover (USDT): $116.40M
· Current volume (767.38K) is below the 5-period average (899.57K), which is typical for consolidation phases and may spike upon a breakout.

RSI indicates oversold conditions:

· RSI(6): 38.85 — the main indicator suggests that short-term oversold conditions may be exhausted.
· RSI(12): 41.96 and RSI(24): 44.39 — also remain in neutral-lower zones, leaving room for growth.

Growth potential: what could be the driver?

1. Technical factor: Rebound from support $127.45 aiming to retest the middle Bollinger line ($136.04) and then toward $144.64.
2. Fundamental context: Activity in the Solana ecosystem (DeFi, NFT, meme coins) remains high. Successful network updates and TVL growth can sustain interest.
3. Market trend: BTC recovery above $94K may give an impetus to the entire altcoin sector, including SOL.

Scenarios:

· Base (probable): Holding $127.45 → corrective rise to $136–$144.
· Alternative: Break below $127.45 with confirmation → possible correction to $120–$115 before a new attempt to rise.
· Target on upside breakout: If held above $144.64, the next target is the zone $160–$170.

Conclusion:
SOL has approached an important technical threshold. Oversold indicators (RSI) and testing the lower Bollinger boundary create prerequisites for a technical rebound. However, confident growth will require confirmation through increased volumes and overall positive market dynamics.

Are you ready to consider the $127–$130 area as a zone for accumulation, or are you waiting for stronger signals?
$SOL