Technical analysis by icixbt about Symbol SOL on 12/2/2025

SOLUSD – 1H – Binance Current Price: ~$124.44 Market Structure • Strong bearish impulse after breaking $130–132 higher low (CHoCH confirmed) • Correction rejected exactly at broken structure + 50 EMA confluence • Second, sharper impulse leg already in motion • 5 > 10 > 50 EMA perfectly stacked & fanning bearish → dynamic resistance • Volume spikes on downside, almost none on rebounds = sellers in full control We remain firmly bearish on the 1H timeframe. Price is currently retracing (classic liquidity grab), but I expect rejection in the $130–132 zone and continuation lower to at least $121. Key Levels Resistance (sell zone): $130.00 – $132.00 Primary Target: $121.00 – $122.00 Extension Target: $115–118 if momentum stays strong Invalidation: 1H close above $138.00 Bias Strongly Bearish – this pullback is fuel for the next leg down Risk If we reclaim and hold >$132 with strong volume, bearish setup is invalidated and we flip neutral-to-bullish fast.