Technical analysis by icixbt about Symbol SOL on 17 hour ago

SOL Daily Outlook | December 6, 2025 1H Market Structure Overview Solana is currently testing key support at $130.93 after pulling back from the previous highs near $146–$147. On the 1H timeframe, price is showing signs of bearish momentum with lower highs forming after the peak. Structure is at a critical point: a break below $130.93 would confirm further downside, while holding this level could allow for a reversal back toward previous highs. Bias Bearish on 1H — currently favoring the downside while watching the $130.93 support closely. Bias can change if price shows a strong bounce from this level and starts forming higher lows. What We Want to See Next Bullish scenario: Price holds above $130.93 and reverses higher, targeting $137–$143, with a potential retest of the $146–$148 area. Bearish scenario: Price breaks below $130.93, confirming 1H bearish momentum, with the next key support at $123.32. If sellers remain in control, further downside could develop beyond this level.