SOL escaped a falling channel in April and has since respected a well-behaved growing channel. After tagging 180 USDT resistance, price is backing into the channel heart around 170 with potential for a classic 165 support retest. A bounce there would position bulls to challenge the 180 lid again and potentially sprint toward the channel extension at 195-200 USDT. Breakdown below 160 would mark the first technical warning of fatigue.Trade active
SOL has marched neatly inside an orderly growth channel since early April. After rejection at 180 USDT, price is testing the channel spine around 165—right on the prior breakout pivot. A bounce here primes bulls to assault 180 again and maybe sprint to the extrapolated 195-200 USDT objective. Slipping below 160 would signal the first crack in momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.