Solana
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SOLANA Hits Key Supply – Reversal or Rally? [Price Reaction Immi

92
SOL/USD | 1H Technical Outlook

Solana is trading inside a major supply zone (173.44 – 176), showing early signs of rejection. This level aligns with previous distribution activity. The question now: Will bulls absorb the sell pressure or get rejected hard?

Key Zones to Watch:

Supply Zone: 173.44 – 176 (current price range)

Immediate Support: 159.25 (recent breakout level)

Mid Support: 145.09 (price pivot + prior resistance)

Demand Zone: 131.33 – 126 (strong buy interest, heavy volume footprint)


Scenario Planning:

Breakout Traders: A solid close above 176 with volume could trigger an extended push higher.

Short Setup: Rejection candles or fakeouts in this range are prime short entries with targets at 159.25 and 145.

Buy the Dip: Strong reaction around 131.33 could offer a swing opportunity.


LuxAlgo Supply/Demand Zones are doing their job here—watch for a clean reaction. Plus, the U.S. economic calendar below could shake things up next week.

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