Three SOL data points suggest $130 was the bottom: Is it time for a return to range highs?

💡 DMK Insight

SOL’s recent bottom at $130 could signal a buying opportunity for traders looking for upside potential. With SOL currently at $136.48, the market appears to be positioning itself for a potential rally. If this momentum continues, traders should keep an eye on the $150 resistance level, which could be a critical point for further gains. A breakout above this level might confirm bullish sentiment, pushing SOL closer to the $200 mark. However, it’s worth noting that if SOL fails to hold above $130, we could see a retest of lower levels, which would shift the sentiment back to bearish. Monitoring volume and market sentiment will be key in the coming days, especially as we approach the weekend, a time when volatility often spikes. Traders should also consider the broader crypto market trends, as SOL’s movement could influence or be influenced by major players like ETH and BTC. Keep an eye on their price action as well, as correlations can provide additional context for SOL’s trajectory.