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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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 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
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.