SOL is consolidating near the $124 mark following a notable pullback on the daily timeframe. The $110–$120 zone is proving critical right now—if it holds here, we could see some breathing room for a recovery attempt.

For the bulls to regain momentum, flipping $175–$180 back to support becomes the real test. That's where the trend truly turns around. Lose this level though, and you're looking at further downside pressure from here. The setup is fairly straightforward: hold the demand zone or face deeper losses.