SOL 8H – FVG + EMA Rejection, Liquidity Next?

SOL has tapped a clean multi-confluence rejection zone: the descending trendline, the 50/100 EMA cluster, and a filled Fair Value Gap all stack at the same price level. This area has acted as a strong pivot throughout November, and today’s reaction is consistent with prior trendline rejections.

The Stoch RSI is already in overbought territory on the 8H, adding momentum exhaustion to the setup. Bears will watch for continuation toward the major liquidity level around $111.97, which remains untested below.

For bulls to regain control, price must break and hold above the EMA cluster and FVG, flipping the trendline into support. Until then, the path of least resistance remains down toward liquidity.