$SOL expected support and resistance levels
_Timeframe:_ Long-term (at least a month)
_Key Levels:_
- $159 (resistance zone, rejected three times)
- $172 (temporary target if $159 is breached)
- support zone (119-126)
_Analysis:_
- If Sol resists above $159, it may reach $172.
- However, this is contingent on a bullish Bitcoin
- Bankrupt FTX plans to pay customers 118% of their claims, which may lead to a surge in $SOL supply and subsequent selling pressure, causing sol to retest previous support
- If Bitcoin goes down, $SOL may drop further .