SOLUSDT: Bulls Set Up a Recovery Toward $125

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SOLUSDT: Bulls Set Up a Recovery Toward $125SOL / TetherUSBINANCE:SOLUSDTDomicChainaSolana has corrected sharply from the $120–$124 area and is now testing an important support zone around $105–$109. This region previously acted as resistance before the September breakout, so the current retest could become an important decision point for buyers. SOL is still trading below both H4 EMAs near $116.5–$116.9, so I would not chase the first bounce. What matters now is whether buyers can defend $105–$109 and build a clear reversal structure. If that happens, a recovery above $116–$117 would be the first meaningful confirmation that momentum is shifting back toward buyers. From there, the previous highs around $120–$124 come back into focus, with the larger technical target near $125.02. Market Context The macro backdrop has become slightly more supportive today. U.S. Treasury yields eased after strong demand at the latest bond auction, while the dollar also softened. Lower yields generally reduce pressure on higher-beta risk assets and could help a SOL recovery if technical support holds. Institutional demand is also worth watching: U.S. spot Solana ETFs recently recorded $188.2 million in weekly inflows, with total assets reaching a record $1.5 billion. Bias: Bullish from support Support: $105–$109 Recovery confirmation: $116–$117 First resistance: $120–$124 Main target: $125.02 Invalidation: Sustained H4 break below roughly $105