Solana is showing strong bullish signs after rejecting the demand zone around $160.06, forming a short-term higher low and beginning to climb. The current structure suggests momentum is shifting back to the upside, targeting key resistance levels.
🔹 Key Zones & Levels:
🟠 Demand Zone (Support): $157.00 – $160.06
🔵 Mid Resistance: $179.86 – Prior support turned resistance
🔵 Major Supply Zone: $198.11 – $198.18 (Previous peak area with strong sell pressure)
🟢 Bullish Outlook:
If SOLUSD maintains this upward momentum:
Target 1: $179.86
Target 2: $198.18
Green arrows on the chart highlight the expected bullish path as long as price holds above the demand zone.
📌 Trade Setup (Example):
Long Setup:
Entry: $165 – $169 (current zone)
SL: Below $159
TP1: $179.86
TP2: $198.18
⚠️ Risk Note:
A 4H close below $157 would invalidate this bullish bias.
Wait for strong bullish confirmation like a break and retest above $170 before going heavy.
💬 Follow for more Solana price action updates.
📊 #SOLUSD #Solana #CryptoAnalysis #DemandZone #PriceAction #SmartMoney #TradingView
🔹 Key Zones & Levels:
🟠 Demand Zone (Support): $157.00 – $160.06
🔵 Mid Resistance: $179.86 – Prior support turned resistance
🔵 Major Supply Zone: $198.11 – $198.18 (Previous peak area with strong sell pressure)
🟢 Bullish Outlook:
If SOLUSD maintains this upward momentum:
Target 1: $179.86
Target 2: $198.18
Green arrows on the chart highlight the expected bullish path as long as price holds above the demand zone.
📌 Trade Setup (Example):
Long Setup:
Entry: $165 – $169 (current zone)
SL: Below $159
TP1: $179.86
TP2: $198.18
⚠️ Risk Note:
A 4H close below $157 would invalidate this bullish bias.
Wait for strong bullish confirmation like a break and retest above $170 before going heavy.
💬 Follow for more Solana price action updates.
📊 #SOLUSD #Solana #CryptoAnalysis #DemandZone #PriceAction #SmartMoney #TradingView
Trade active
Has hit TP 1 now remaining TP2 . Use money management
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