- SOL confirms a major trendline breakout as retest activity forms a stable structure for buyers.
- Funding data remains neutral during a broad decline, pointing to balanced futures positioning.
- Price holds above reclaimed resistance as traders monitor the next liquidity zone for movement.
SOL shows a clear structural shift after breaking a major descending trendline while funding levels remain stable. Traders are watching price behavior as the asset forms a new support structure following the recent confirmation.
SOL Major Trendline Breakout Confirmed
SOL reacted to a major development after Captain Faibik shared the 2-hour chart. The post states that the breakout and retest are confirmed, showing a strong shift in market structure. This move forms after the asset spent weeks under a dominant descending trendline.
The chart shows how the trendline guided a long sequence of lower highs. Each attempt to reclaim the line resulted in rejection, sending the price back into lower support. The extended pattern shows how the market respected the structure, giving the breakout added importance.
SOL eventually formed a rounded bottom across the lower range before breaking above resistance. The breakout was controlled and firm, rejecting the idea of a weak push through the trendline. A clean retest followed, turning the former resistance into a new support level for the pair.
SOL Price Behavior After the Retest
SOL as of writing trades at $137.48, reflecting a 1.70% decline over 24 hours. The asset still shows a 7-day gain of 9.34%, indicating improved momentum after the structural shift. The chart shared suggests buyers are working to maintain control above the reclaimed zone.
The local candles after the retest show steady continuation without abrupt selling pressure. These movements suggest that the market has accepted the breakout level as support. The structure remains stable as price begins to form a controlled upward sequence above the line.
A green projection box appears on the right side of the chart. It outlines a potential 28% move toward the next liquidity region. This aligns with the structure formed after the breakout and serves as the next directional focus for traders.
Funding Rate Data Shows Controlled Conditions
The SOL OI-Weighted Funding Rate chart shows activity from late August to late November. Funding stays close to neutral through most of the period, showing balanced positioning across the futures market. This pattern continues even during sharp price moves.
A key reading appears on October 3, where SOL trades around $229 with a 0.0044% funding rate. This low positive value shows reduced speculative activity near the top of the range. It suggests that futures traders were neither heavily long nor heavily short at the time.
As the price declines from the $220–$240 zone to the $150 area, funding remains mixed. Short-lived negative readings appear but remain shallow. The data suggests controlled conditions without heavy leverage exposure, allowing price to move primarily through spot-driven activity.
