SOL is currently stuck in a very interesting position. The price is oscillating between $116 and $129, forming a converging triangle pattern that suggests a clear direction is imminent.

Let's talk about the support level. The $116 mark is particularly critical; it has been tested three times without breaking, indicating strong buying interest at this level. On the upside, $129 is a hurdle that can't be ignored. Not only is there resistance from the upper Bollinger Band, but the Fibonacci 0.236 line is also at this level. The heatmap of costs shows that there is still significant selling pressure stacked here.

Technical signals are somewhat mixed. The moving average system appears weak—MA20 ($127.6) and MA50 ($139.9) are both overhead resistance. The price needs to stay above MA20 to reduce some risk. The 4-hour MACD is hovering near the zero line, and RSI is around 55, far from overbought territory, leaving plenty of room for bulls.

The real bullish case hinges on volume. If a breakout above $129 can be accompanied by daily volume exceeding 150% of the average, then targets of $150 (Fibonacci 0.382) and even $171 become possible. Conversely, if the price falls below the support at $116, then the zone between $112 and $105 should be approached with caution, as bears could accelerate.

For traders, closing above $129 with a steady stance could be a signal to add to long positions in stages, with a stop-loss placed below $122 for safety. But don’t forget risk management—this position’s direction is still uncertain.