SOL is currently at a critical technical turning point, and the performance of the 20-day moving average will directly determine the future market direction.

【Bullish Scenario: Breakthrough Upwards】

If SOL can close above the 20-day moving average, it indicates that the bullish momentum is beginning to revive. From a technical perspective, the upward potential is quite significant—targeting the first goal at $147. During this process, the 50-day moving average around $131.6 may present some resistance, but honestly, the bulls are very likely to break through this level directly. Once it stabilizes above this area, market enthusiasm will significantly warm up, and the bullish sentiment will be reactivated.

【Bearish Scenario: Continued Downward Pressure】

Conversely, if SOL falls below and continues to trade below the moving averages, it means the bears are still in control. The downside risk will gradually increase—first, watch whether $109 can hold, and if this support is broken, then we must face the critical line at $95.8.

【Current Strategy】

In simple terms, the key now is whether the 20-day moving average can be maintained. Holding above indicates a rebound opportunity; breaking below confirms that the bearish trend will continue. This candlestick is very likely to be the confirmation of the direction.