If SOL holds above the $89-$90 support level, the $100 rejection represents a normal post-breakout correction rather than a trend reversal
Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.
If SOL maintains its position above the $89-$90 support level, the rejection at $100 would represent a normal post-breakout correction rather than a trend reversal. This interpretation suggests the underlying uptrend remains intact despite the failed push higher.
Support level holds are critical because they determine whether pullbacks are healthy consolidations within an uptrend or early warning signs of trend exhaustion. Investors use support integrity to calibrate risk management and position sizing, since breaks below key levels typically accelerate selling.
"The rejection may continue to be a typical post-breakout correction if SOL maintains its position above this previous resistance level. Before attempting another move through $100–$103, buyers could consolidate."