SOL | Structure Turned, Four Pools Sit AboveSOL / TetherUSBINANCE:SOLUSDTBigBelugaBy analyzing the #SOL (Solana) chart on the Daily timeframe, we can see a market that spent a year making lower lows, shifted structure upward in September, and now holds a discount zone beneath price with four untouched liquidity pools stacked above. ━━━━━━━━━━━━━━━━━━━━ DAILY TIMEFRAME ━━━━━━━━━━━━━━━━━━━━ The downtrend was relentless. From the October high at $237.72 price printed five separate BMS events on the way down — through October, November, December, February and again into June. Each consolidation that looked like a base became the next break. The last of them bottomed at the Protected Low of $60.13 in June. From there price built for three months and then, in September, broke the May swing high with the MSS — the first upside structural break of the entire move. Price is now at $100.95, holding above the break. ━━━━━━━━━━━━━━━━━━━━ THE LIQUIDITY ABOVE ━━━━━━━━━━━━━━━━━━━━ BSL 1 — $148.95 BSL 2 — $171.67 BSL 3 — $205.24 BSL 4 — $237.72 Four old highs, none revisited since they formed. A high that has never been defended isn't resistance, it's a target. ━━━━━━━━━━━━━━━━━━━━ THE BIAS ━━━━━━━━━━━━━━━━━━━━ Bullish for as long as price holds above the Protected Low at $60.13. ━━━━━━━━━━━━━━━━━━━━ SCENARIO A — THE BASE CASE ━━━━━━━━━━━━━━━━━━━━ The entry is not here. The area worth waiting for is the RBS zone at $76.12 – $84.23 — the resistance that capped price from February through May, broken in September and now flipped to support. Price consolidated inside that band for seven months, which is what makes it the strongest demand on the chart rather than just a line. A reaction from there targets $148.95 first, and above it the ladder opens. ━━━━━━━━━━━━━━━━━━━━ SCENARIO B — NO RETRACE ━━━━━━━━━━━━━━━━━━━━ Price never returns to the zone and continues directly from current levels. Same destination, worse price, and no defined risk — which is why this version is the one to watch rather than trade. The confirmation for a continuation entry is a daily close above $110.60, the September swing high. ━━━━━━━━━━━━━━━━━━━━ INVALIDATION ━━━━━━━━━━━━━━━━━━━━ A daily close below the Protected Low at $60.13. That is the origin of the shift, and beneath it the bullish structure is finished. An earlier warning: a daily close below $76.12 with no reclaim means the RBS zone failed as support and the entry thesis is broken well before the structure is. And the rule that governs all of it: a break is a candle close, not a wick. The RBS zone is where a wick beneath will look like failure — seven months of range-trading inside that band means stops sit on both sides of it, and that is exactly what a wick is built to collect. ━━━━━━━━━━━━━━━━━━━━ FUNDAMENTAL BACKDROP ━━━━━━━━━━━━━━━━━━━━ The network side is improving. Weekly network revenue rose to $45.35 million from $32 million, transactions climbed to 1.07 million, and the Transaction V1 upgrade lifted maximum transaction size to 4,096 bytes. Solana ETFs have now run an 11-week streak of positive inflows holding roughly $1.41 billion in assets. The other side is real. Weekly ETF inflows collapsed 96% — from $153.87 million to $6.18 million — and trading volume halved from $699.39 million to $350.27 million. Much of the on-chain revenue is memecoin-driven, with Pump.fun at ~85% of launchpad activity, and that demand disappears faster than it arrives. Strong network metrics, thinning institutional bid. That combination supports a retracement into discount far more than it supports chasing — which is exactly what the chart is already saying. This analysis will be updated as the market evolves. Best Regards, BigBeluga 🐳