Solana (SOL) reclaims $120 but $4.94M long liquidations and death‑cross signs raise near‑term risk
first published 2025-12-24T14:52:21Z
SOL briefly dipped below $120 but reclaimed and successfully retested that level, producing a failed auction that suggests seller exhaustion and a shift to buyer control. Bollinger Band compression indicates a likely upcoming volatility expansion that favors an upside move toward the Value Area High so long as price remains above $120; a drop below $120 would invalidate the bullish setup.
AI Analysis
Summary states SOL reclaimed and retested $120, produced a failed auction indicating seller exhaustion and buyer control, and shows Bollinger Band compression implying imminent volatility expansion and a probable upside toward the Value Area High while $120 holds; loss of $120 invalidates the setup.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
