Solana is currently reacting to a major supply zone around $174 – $176, with signs of price exhaustion at the top.
Key Technical Zones:
Supply Zone: $173.44 – $176 (previous distribution zone)
First Support: $139.56 (prior breakout level)
Major Demand Zone: $103.29 – $116.41 (confluence of structure and demand imbalance)
Market Context:
Price formed a consolidation block below the supply before a fakeout.
The recent wick rejections indicate strong seller presence.
Upcoming U.S. economic data releases (marked with icons) could be the catalyst for volatility.
Trade Idea:
Bearish bias short-term if SOL fails to close above $176 with volume.
Short setup: Look for bearish confirmation and target $139.56 first, then $116.
Long re-entry zone: Consider buying only around $116–$103 zone, where institutional demand is likely.
Watch For:
Momentum shifts on the 1H/4H.
Strong red candle closure below $173.
Volatility spikes around upcoming news events.
Are you bearish or bullish on SOL this week? Drop your view below!
Key Technical Zones:
Supply Zone: $173.44 – $176 (previous distribution zone)
First Support: $139.56 (prior breakout level)
Major Demand Zone: $103.29 – $116.41 (confluence of structure and demand imbalance)
Market Context:
Price formed a consolidation block below the supply before a fakeout.
The recent wick rejections indicate strong seller presence.
Upcoming U.S. economic data releases (marked with icons) could be the catalyst for volatility.
Trade Idea:
Bearish bias short-term if SOL fails to close above $176 with volume.
Short setup: Look for bearish confirmation and target $139.56 first, then $116.
Long re-entry zone: Consider buying only around $116–$103 zone, where institutional demand is likely.
Watch For:
Momentum shifts on the 1H/4H.
Strong red candle closure below $173.
Volatility spikes around upcoming news events.
Are you bearish or bullish on SOL this week? Drop your view below!
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
✅FOR VIP DM: t.me/frankfx22
✅ AUTOMATED BOT: bot.frankfxx.com/
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ XM frankfxx.com/xm
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.