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$SOL 1D timeframe
The asset is in an accumulation phase and is gradually preparing to break out of the range. Currently, the market is moving sideways, where position redistribution, liquidity accumulation, and formation of a base for a strong impulse are taking place.
Key moment — breakout of the upper boundary.
Resistance zone: $95–$98 — this is where seller orders, liquidity, and potential profit-taking points are concentrated.
If the price consolidates above this level by the end of the month, it will confirm the completion of accumulation and transition to the growth phase. In this case, potential for movement to $130–$150 opens up, where possible intensification of selling and partial profit-taking may occur.
A decline scenario to $54–$50 is not yet excluded, but appears less likely in the short-term perspective. Most likely, its realization is possible closer to the end of summer or early autumn amid general correction or macrofactors.#GateSquareAIReviewer