Technical analysis by Richtv_official about Symbol SOL: Buy recommendation (3/13/2025)

Current Market StructureSOL is holding a major support level around $110, which could act as a launchpad for a short-term rally.This support has historically served as a strong demand zone, attracting buyers looking for a potential rebound.Upside Potential: Resistance Zones to WatchIf SOL maintains $110 support, it could rally toward:$140 (first key resistance level)$150 (historical rejection zone)These levels have previously triggered selling pressure, so traders should watch for possible rejections.Downside Risk: Key Support LevelsIf SOL fails to hold $110, further downside could lead to a test of:$80, a stronger support level from previous price action.Conclusion & StrategyBullish Scenario: Holding $110 could trigger a move toward $140–$150, but a breakout above these levels is necessary for sustained upside.Bearish Scenario: A break below $110 could accelerate losses, leading to a retest of $80 support.Key Watchpoint: Reaction at $140 resistance—a rejection here could indicate another leg down, while a strong breakout could confirm further bullish momentum.