SOL just kissed 142 support at the base of its growing channel. Solana price slips from a descending wedge, and holding above trend could propel bids toward 155, then the 170-184 supply band; lose the line and 125 beckons.Trade active
After a textbook retest of the multi-month trend-line anchored at 150 $,
SOL printed a bullish engulfing on rising volume, reclaiming the micro-range floor at 163. Hold that level intraday and price has clear air to sprint toward 175 swing-highs and the psychological 185 resistance that capped May. Slip back under 148 and the pattern reverts to a descending-channel drift with 138 and 128 the next logical catch zones.
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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.