SOL/USDT has been trading within a well-defined ascending channel on the 3H chart. However, recent price action shows signs of weakening momentum near the upper boundary, suggesting a potential bearish breakdown.
If the price breaks below the channel support, watch for key levels where price may react:
131.20 USDT – immediate support
118.67 USDT – previous consolidation area
100.65 USDT – major demand zone
As long as the price remains within the channel, short-term bias stays bullish. A confirmed breakdown and retest of the lower trendline could trigger further downside.
Disclaimer: This analysis is for educational purposes only. Always do your own research before making trading decisions.
If the price breaks below the channel support, watch for key levels where price may react:
131.20 USDT – immediate support
118.67 USDT – previous consolidation area
100.65 USDT – major demand zone
As long as the price remains within the channel, short-term bias stays bullish. A confirmed breakdown and retest of the lower trendline could trigger further downside.
Disclaimer: This analysis is for educational purposes only. Always do your own research before making trading decisions.
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.