SOL/USDT It shows will be back test on the support trendline!

💎 Paradisers, #SOL is indeed attracting attention as a coin worth keeping a close eye on.

💎 After facing rejection at the resistance area, SOL appears poised to retest the support zone around $127 - $116. This zone not only represents a local support but also coincides with a support trendline.

💎 A successful bounce from this area would signal bullish strength, potentially propelling the price upward to reattempt breaking the resistance around $162 - $169.

💎 If this resistance is breached with a successful bounce, it could pave the way for further upward movement, ultimately aiming for our target strong resistance area.

💎 However, should SOL fail to find support and instead break below the support area, it would raise concerns as it would not only invalidate the local support but also breach the bullish trendline support.

💎 In such a scenario, the price could descend towards the last bullish stronghold at the demand zone around $105. This could lead to SOL entering the oversold territory on the RSI indicator, typically below the 30 RSI mark. If SOL bounces from this oversold condition, attention would shift to reclaiming the $127 support area to resume the upward trajectory.

💎 However, if SOL breaks down below the demand area, it would confirm a bearish trend in the short term, signaling further potential downward movement.

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