$SOL

The long liquidation sweep around $103.74 indicates a sharp downside flush that cleared leveraged buyers and reset short-term momentum. Price is now consolidating just above a key demand zone near $101.20, which has acted as a strong reaction level in previous pullbacks. As long as this support holds, a technical rebound toward the first resistance at $107.80 is highly probable, where sellers previously stepped in aggressively. A clean breakout above that area would open the path toward the next upside target around $112.50, aligning with a prior high-volume rejection zone. Momentum metrics suggest selling pressure is weakening, often seen after liquidation events. However, a failure to defend $101.20 could trigger another liquidity sweep toward $97.60 before stronger buyers enter. Overall structure favors a corrective bounce following the leverage reset, with volatility expected as the market rebuilds positions around these critical levels. $SOL ‌