$SOL
The price has been consolidating within a descending channel, which is usually a bullish pattern if an upside breakout is confirmed. The next resistance levels could be the previous swing highs around $250–$265. It depends on how price reacts near the trendline, either breakout above the channel or rejection that sends the price back downward. If the price is rejected at the descending channel’s upper boundary, a move back down toward the lower boundary of the channel (near $210–$215) is likely. the price is struggling to flip the 100-day moving average on the 4H timeframe. For another bullish leg up, the price needs to break out above the channel, flip the 100-day moving average, and hold it successfully as support.
