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$SOL is currently trading at $73.20, up 2.38% over the last 24 hours. After a strong rebound from the $69.74 low, price has entered a consolidation phase just below the key resistance at $74.55. Buyers continue to defend higher lows, suggesting momentum is gradually shifting in favor of the bulls.
On the 1-hour timeframe, the structure remains constructive. As long as SOL holds above the immediate support zone, another attempt to break the recent high remains likely. A confirmed breakout with strong volume could attract additional buying pressure and extend the rally.
Trade Setup
Entry Zone: $72.90 – $73.30
Target 1: $74.60
Target 2: $75.80
Target 3: $77.20
Stop Loss: $71.90
A sustained move above $74.55 would strengthen the bullish outlook and could open the door to higher price levels. However, losing the $72.80 support area would weaken the current setup and increase the risk of a deeper pullback.
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