#SOLPriceAnalysis

📈 SOL Price Analysis: Rally Start or Just a Relief Bounce?
SOL has staged a strong rebound, jumping 5%+ in a single day, as broader market sentiment begins to recover. But the real question now is 👇
Does this move have follow-through — or is a pullback still ahead?
Let’s break it down using the weekly chart 📊

🧠 Technical Breakdown (From the Chart)
🔹 Key Support Zone Holding
SOL is holding above the 200-week EMA (~$121) — a critical long-term support that has historically acted as a trend-defining level. As long as price stays above this zone, the higher-timeframe structure remains intact.
🔹 Reclaim Attempt in Progress
Price is now attempting to reclaim the 100-week EMA (~$151) and VWAP zone. A clean weekly close above this area could open the door for stronger upside continuation.
🔹 Momentum Still Neutral

RSI (~44) → Not overbought, room to expand

MACD → Still negative but flattening, hinting at a possible momentum shift if buyers step in

🔹 Liquidity Magnet Above
Above current levels, prior highs around $200 → $260 → $295 remain key upside targets if capital rotation into high-beta L1s accelerates.

🎯 Scenarios to Watch
🚀 Bullish Case:

Holds above $120–130

Reclaims $150 with volume

Momentum follows → mid-term push toward $200+

📉 Cautious Case:

Fails to reclaim EMAs

Pullback toward long-term support for another base

Better risk-reward entries lower

💬 Your Move?
At current levels…
🔥 Chasing the strength?
⏳ Waiting patiently for a pullback?
📊 Or DCA near long-term support?
Join the discussion and share your SOL strategy 👇