Solana is showing strong signs of accumulation after tapping a key 4H demand zone. Price is now stabilizing above $146 and may be preparing for a bullish push toward key resistance levels.
📌 Key Technical Highlights:
🔸 Strong Demand Zone – $146.92 to $140.00:
This orange zone has served as a launchpad in the past, and recent bullish rejection suggests buyers are active again.
🔸 Mid-Range Resistance – $165.70:
A previous flip zone and potential short-term target. If SOLUSD holds above $146, this level is likely to be tested again soon.
🔸 Major Supply Zone – $183.18:
This level marks a strong overhead resistance from previous highs. A break above $165 would bring $183 into focus.
🔄 Current Market Behavior:
SOL recently formed a double-bottom structure at demand.
Price is now pulling back slightly after a short-term bounce.
If buyers defend the $146 level again, expect a new wave toward $165.
🎯 Trade Setup:
Buy Zone: $146–$150
TP1: $165
TP2: $183
Stop Loss: Below $140
🧠 Insights:
With market sentiment gradually improving across altcoins, Solana is looking primed for a relief rally. A breakout above $165 would invalidate the lower high structure and confirm a trend reversal on the 4H chart.
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💬 What’s your take on SOL this week? Bullish or still cautious? Drop your thoughts below 👇
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#Solana #SOLUSD #CryptoTrading #TechnicalAnalysis #FrankFx14 #PriceAction #DemandZone #BullishSetup #LuxAlgo #Altcoins #TradingView
📌 Key Technical Highlights:
🔸 Strong Demand Zone – $146.92 to $140.00:
This orange zone has served as a launchpad in the past, and recent bullish rejection suggests buyers are active again.
🔸 Mid-Range Resistance – $165.70:
A previous flip zone and potential short-term target. If SOLUSD holds above $146, this level is likely to be tested again soon.
🔸 Major Supply Zone – $183.18:
This level marks a strong overhead resistance from previous highs. A break above $165 would bring $183 into focus.
🔄 Current Market Behavior:
SOL recently formed a double-bottom structure at demand.
Price is now pulling back slightly after a short-term bounce.
If buyers defend the $146 level again, expect a new wave toward $165.
🎯 Trade Setup:
Buy Zone: $146–$150
TP1: $165
TP2: $183
Stop Loss: Below $140
🧠 Insights:
With market sentiment gradually improving across altcoins, Solana is looking primed for a relief rally. A breakout above $165 would invalidate the lower high structure and confirm a trend reversal on the 4H chart.
---
💬 What’s your take on SOL this week? Bullish or still cautious? Drop your thoughts below 👇
📍 Don’t forget to follow for real-time crypto setups and insights!
#Solana #SOLUSD #CryptoTrading #TechnicalAnalysis #FrankFx14 #PriceAction #DemandZone #BullishSetup #LuxAlgo #Altcoins #TradingView
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Disclaimer
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