SOL Risks $120 Retest Despite Bullish Onchain Data
Key takeaway: SOL (SOL) projects a bearish outlook on the daily chart after forming a bearish engulfing, and if the trend holds, SOL price could fall to $120. On the 1-day time frame, SOL shows a head-and-shoulders pattern, which is a bearish reversal signal. A breakdown below its $140 neckline level, confirmed by a volume … Read more