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SOL's 4-hour breakout of the range was initially interesting, but upon closer inspection of the structure, it’s not actually strong.
The resistance around the 92 level is very obvious; it gets pushed back as soon as it rises, indicating that both the trapped orders above and short-term selling pressure are waiting to be fulfilled. SOL has been performing relatively "standard" during this period, consolidating for a full 26 days. Yesterday, it barely managed to follow the market with a slight breakout. This should have been an emotional ignition point, but the buying volume was clearly insufficient. After a quick surge, it was swiftly pushed back—this is not strength, but a failed attempt.
What does a true strong breakout look like? It’s volume-supported stabilization, followed by a pullback for confirmation, then continued upward movement. What we see now is a breakout with no volume, a weak pullback, and no sustained buying power.
Next, watch for resistance in the 90-92 range, with key support at 88. If it breaks below, look at 85.