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$SOL Bulls have control after the falling channel break, and now I’m watching that old ceiling try to flip into support.
Price cleared the upper channel boundary around $83.50 with a clean 1H close, and the first higher lows after that tell me this isn’t just a quick wick. The $81-$82 area already looked like the absorption zone, so the breakout has some real structure behind it.
What matters now is acceptance above the broken channel top. If $83.00-$83.60 holds on retest, the move can keep leaning toward the $87.50-$88 area. That’s the next main resistance I’m watching.
If SOL slips back inside the channel and starts closing below $82.50 again, the breakout gets a lot weaker fast.