| Level | Price | From price | Role |
|---|---|---|---|
| 2-TF resistance | 116.2 | +10.5% | confluent, sr |
| Swing high | 113.4 | +7.9% | swing |
| Fib retracement | 112.1 | +6.6% | fib, read edge |
| Swing high | 110.8 | +5.4% | swing |
| Prior week high (not retested) | 109.3 | +3.9% | calendar, fib |
| Resistance | 108.9 | +3.5% | sr, swing |
| Fib retracement | 105.9 | +0.7% | fib, sr |
| 2-TF support | 104.7 | -0.4% | confluent, fib |
| 3-TF support | 100.5 | -4.4% | confluent, calendar |
SOL is in a 104.7–105.9 box, and price is drifting toward the 105.9 ceiling. Bitcoin's daily chart is ranging — range edges have held more often than they have broken. What argues for higher: the headline “Solana Alpenglow Goes Live in 'Most Ambitious' Upgrade Since…” helps the case for higher. What argues for lower: the last small swing low undercut the one before it — on the bigger swings the lows are still rising. The stronger case is lower: the break of structure and the deep drop outweigh the news — but not by enough to settle it yet, so the levels decide. Longs are crowded and paying to stay in while price is drifting up toward the ceiling at 105.9 — longs this close to a ceiling are either early to a breakout or fuel for a flush, and the ceiling decides which. The total crypto market cap is down 2.3% over the last 24 hours.
105.9 (Fib retracement) caps the upside; a close that holds above it changes the picture. 104.7 (2-TF support) holds the downside; it is the level that has to break for the bear case to work. Beyond the box, the next levels are 110.8 (Swing high) above and 100.5 (3-TF support) below.
At 40%, this needs a close and hold above 105.9. That opens 110.8 (Swing high) then 113.4 (Swing high). It fails on a close and hold below 104.7.
This path is 53% and it starts with a close and hold below 104.7. That opens 100.5 (3-TF support) then 96.9 (Order block). It fails on a close and hold above 105.9.
At 7%, price keeps rejecting both edges of 104.7–105.9 and the range holds.
A close above 105.9 that holds, with open interest still rising, means the longs were right and the move continues up. A poke above 105.9 that closes back below it traps those longs — that is the flush case, back toward 104.7. The way to get this wrong: buying into 105.9 after the crowd already has — wait for the close above it, or for the poke that fails.
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