Solana (SOL) has reached a **key support zone between $116 – $126**, a level that has held strong for the past year. This area will determine the next major move, with two possible scenarios in play:
📈 Bullish Scenario:
- If SOL holds and forms a reversal pattern, we could see a strong move toward $200 as bullish momentum builds.
- Confirmation of a bounce with increasing volume and bullish candlestick patterns (such as a double bottom or bullish engulfing) would provide an entry signal.
📉 Bearish Scenario:
- A break below $116 would indicate weakness, potentially leading to a retest of $100 or even $80 if selling pressure accelerates.
- A daily close below this support zone would confirm the breakdown and shift momentum to the downside.
🔹 My Bias:
I remain optimistic and will be looking for a reversal pattern within this key zone to enter a long trade with a target of $200.
📈 Bullish Scenario:
- If SOL holds and forms a reversal pattern, we could see a strong move toward $200 as bullish momentum builds.
- Confirmation of a bounce with increasing volume and bullish candlestick patterns (such as a double bottom or bullish engulfing) would provide an entry signal.
📉 Bearish Scenario:
- A break below $116 would indicate weakness, potentially leading to a retest of $100 or even $80 if selling pressure accelerates.
- A daily close below this support zone would confirm the breakdown and shift momentum to the downside.
🔹 My Bias:
I remain optimistic and will be looking for a reversal pattern within this key zone to enter a long trade with a target of $200.
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