Technical analysis by BKVIP about Symbol SOL: Buy recommendation (3 hour ago)

SOL has been trading inside a well-defined descending channel, respecting both the upper and lower boundaries throughout the corrective phase. Price recently reached the lower channel support and delivered a sharp reaction, indicating strong demand absorption at this structural area. Following the bounce, momentum shifted into a controlled recovery with higher lows forming on the lower timeframe. This suggests that sellers lost control at channel support and that price is transitioning from impulsive downside into stabilization and potential continuation within the range. As long as price remains above the channel support and continues to respect the reclaimed structure, the focus stays on confirmation rather than anticipation. This setup highlights how structure and reaction quality provide context, especially after liquidity-driven moves. Patience remains key. Structure leads price.