On the 4H chart of Solana (SOL), the price has broken out of a temporary bullish trend and entered a clearly defined descending channel.
🔸 The major resistance around $164–$172 could limit further upside in the short term.
🔸 A confirmed breakdown below the $150 support may lead to a deeper correction toward the $115 zone.
🔸 The descending channel is currently guiding price action, and reactions to its midline and upper boundary will determine the next major move.
🔸 The analysis distinguishes between short-term impulses and the dominant daily downtrend, helping identify potential trade setups.
📌 This analysis is for educational purposes only.
🔸 The major resistance around $164–$172 could limit further upside in the short term.
🔸 A confirmed breakdown below the $150 support may lead to a deeper correction toward the $115 zone.
🔸 The descending channel is currently guiding price action, and reactions to its midline and upper boundary will determine the next major move.
🔸 The analysis distinguishes between short-term impulses and the dominant daily downtrend, helping identify potential trade setups.
📌 This analysis is for educational purposes only.
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.
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.