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$SOL (1H) — Channel Break & Bullish Structure 📈
Bulls are in control after the falling channel breakout, and now the focus shifts to whether the old resistance can flip into support.
Price broke above the upper channel near $83.50 with a strong 1H close, and the formation of higher lows suggests this isn’t just a temporary move. The $81–$82 zone acted as a clear absorption area, giving the breakout a solid foundation.
🔍 What Matters Now:
Support Flip Zone: $83.00 – $83.60
Holding this level on retest keeps bullish momentum intact
🎯 Upside Target:
$87.50 – $88.00 (next key resistance)
⚠️ Invalidation:
If price falls back into the channel and closes below $82.50, the breakout weakens significantly
For now, structure favors continuation—but confirmation comes from holding above the breakout zone.
$SOL TRADE HERE 👇