Solana is currently trading around $168.46, struggling to break and hold above the $173.44 supply zone. The recent price action suggests that buyers may be losing steam after a strong bullish run.
Key Levels to Watch:
$173.44 Supply Zone – Strong rejection zone. Multiple rejections hint at institutional selling or large profit-taking.
$139.56 Support Zone – This is my first downside target if we lose momentum.
$103.29 Demand Zone – Major demand and high-volume area. If SOL dips this low, bulls may defend hard.
Current Outlook: After forming a lower high, price is consolidating under resistance—a potential bearish setup. If we break below the current range with volume, it could trigger a cascade towards $140 and possibly lower.
Trade Plan:
Looking for short entries below $165 on confirmation (break + retest or bearish engulfing).
Buy zones around $139 and $103, depending on how price reacts.
What’s your Solana play from here? Are we heading for $200 or crashing back to $100?
Let’s discuss in the comments!
#Solana #SOLUSD #CryptoAnalysis #PriceAction #SupplyAndDemand #FrankFx #LuxAlgo
Key Levels to Watch:
$173.44 Supply Zone – Strong rejection zone. Multiple rejections hint at institutional selling or large profit-taking.
$139.56 Support Zone – This is my first downside target if we lose momentum.
$103.29 Demand Zone – Major demand and high-volume area. If SOL dips this low, bulls may defend hard.
Current Outlook: After forming a lower high, price is consolidating under resistance—a potential bearish setup. If we break below the current range with volume, it could trigger a cascade towards $140 and possibly lower.
Trade Plan:
Looking for short entries below $165 on confirmation (break + retest or bearish engulfing).
Buy zones around $139 and $103, depending on how price reacts.
What’s your Solana play from here? Are we heading for $200 or crashing back to $100?
Let’s discuss in the comments!
#Solana #SOLUSD #CryptoAnalysis #PriceAction #SupplyAndDemand #FrankFx #LuxAlgo
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✅JOIN FREE FOREX AND CRYPTO SIGNALS :
t.me/frankfxforextrade
✅ EXNESS:frankfxx.com/exness
✅ ICMARKETS:frankfxx.com/icmarkets
✅ XM:frankfxx.com/xm
t.me/frankfxforextrade
✅ EXNESS:frankfxx.com/exness
✅ ICMARKETS:frankfxx.com/icmarkets
✅ XM:frankfxx.com/xm
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.