Solana's daily chart shows a strong bounce from key support around $125, leading to a sharp rally that topped out near $180, right at a critical resistance level. This area also aligns with previous price structure and the 200-day moving average (red line), reinforcing its importance.
The rejection at $180 indicates that sellers stepped in at a well-defined level, preventing further upside for now. To confirm a breakout, SOL needs to flip this resistance into support. Otherwise, failure to reclaim this level could lead to another pullback, potentially toward the mid-range of the recent move.
Volume on the recovery was notable, showing strong buyer interest, but follow-through will be crucial. Bulls will want to see consolidation and another push higher rather than a swift rejection back toward lower levels.
The rejection at $180 indicates that sellers stepped in at a well-defined level, preventing further upside for now. To confirm a breakout, SOL needs to flip this resistance into support. Otherwise, failure to reclaim this level could lead to another pullback, potentially toward the mid-range of the recent move.
Volume on the recovery was notable, showing strong buyer interest, but follow-through will be crucial. Bulls will want to see consolidation and another push higher rather than a swift rejection back toward lower levels.
scott.melker@texaswestcapital.com
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scott.melker@texaswestcapital.com
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。