SOL | Relative Underperformance

SOL is showing relative underperformance compared to the broader crypto market, but the technical picture suggests a potential reversal opportunity.

Current Setup:
Price recently bounced from the crucial support zone (green box) around $118-140
A clear ascending trendline has formed, indicating building momentum

Key Levels:
Support Zone: $118-140 (green box) - holding well
Resistance Zone: $190-200 (purple box) - next major hurdle
Breakout Target: $340+ based on the projected path

Technical Outlook:
The ascending trendline breakout combined with the support zone hold suggests SOL may be ready to catch up with market leaders. The relative underperformance could present a catch-up opportunity once it clears the resistance zone.

Risk Consideration:
A break below the green support zone would invalidate this bullish scenario and could lead to further weakness.