SOLUSD 1D Chart Review1. Main Trend
Downward Channel: Price moving in wide, downward channels (black trend lines), which means that the medium and long term remains bearish.
The upper trend line is a strong dynamic resistance, the lower one – support.
2. Key Horizontal
Resistance (Resistance):
$168.32: Strong resistance level, which it has responded to many times in the past.
$183.55: Another important resistance, confirmed by historical highs.
$218.85: Further resistance with an interval obligation.
$248.30: Very strong, long-term resistance (far from the current price for now).
Support (Support):
$144.23: actually occurs close to this support – very level.
$130.99: Another potential level where price could look for a rebound.
$114.74: Strong support, last bastion of bulls near March/April low.
3. Price action (Price action)
Last candles emitted pullback from downtrend line and down to support area of $144.23.
that any attempt to grow above trend line is limited by sellers.
$144.23 level currently existing short-term support - its loss may be available in case of $131 or possibly existing.
4. Indicator
Stochastic RSI (at the bottom of the chart):
Stochastic RSI indicator stated that airlines (blue and orange) were in power (overbought) in recent devices, but suddenly started to turn down.
Currently occurs in neutral zone, however application of protection (oversold). In case of threat occurrence now, it may suggest risk of attack, but it is not yet decided.
It is worth noting whether to go to the area of 20 and start turning back - in case of a necessary necessity.
5. Scenarios for the days
Bullish (growth):
Maintaining support at 144.23 USD and hitting the downtrend line (around 160-165 USD).
Breaking the trend line and resistance at 168.32 USD will give a signal to load in the area of 183-218 USD, but for the tenth time it seems to be less important, attention given the market structure.
Bearish (fall):
Breaking support at 144.23 USD and closing below on the daily candle - the next target to 131 USD, and then 114 USD.
The downtrend channel is still working against the bulls.
6. Summary
Main trend: downtrend.
Price: Close to support, but the risk of you leaving a big one.
Key horizontals: $144.23 (short-term support), $168.32 (main resistance).
Stochastic RSI: Heading towards oversold zone, but not yet giving a clear conclusion about a breakout.
Recommendation: Observe the application of price at $144.23 and the behavior of Stochastic RSI. In case of a breakout - it is possible that they will occur.
SOLUSD.P trade ideas
SOL/USDT at Key Inflection Point – Breakout or Rejection?Solana (SOL) is trading at a pivotal zone where price structure, harmonic patterns, and key technical indicators converge. This setup outlines three potential scenarios, guided by fib levels, auto trendlines, and momentum indicators.
Orange Scenario (Moderate Bullish):
Price has recently bounced off the 0.618 Fibonacci retracement (~$149.50), suggesting short-term bullish momentum. However, the orange path indicates a likely move toward resistance around $153–$154.50, where previous structure and upper Bollinger Bands align. Without strong confirmation (e.g., volume spike or RSI breakout), this area may reject further upward movement and trigger a reversal.
Green Scenario (Confirmed Bullish Breakout):
A decisive break and close above $154.50, supported by increasing volume and RSI holding above 60, would signal a breakout continuation. In this case, price may target $158 to $160, completing the bullish harmonic projection and extending the current trend structure.
Red Scenario (Bearish Breakdown):
Failure to hold the $148–$149 zone would validate the bearish harmonic pattern. If confirmed, this breakdown opens room toward lower support zones at $142.50 and $136, especially if PVT weakens further and RSI dips below 50. Downside pressure would likely be amplified by the prevailing downward trendline.
Indicators Used:
Bollinger Bands (BB 20, 2)
Relative Strength Index (RSI 14) with moving average overlay
Price Volume Trend (PVT)
Auto-generated trendlines
Harmonic Patterns (ABCD and XABCD)
Fibonacci retracement and extension levels
Bias:
Neutral at the moment. Awaiting confirmation via price reaction at key support and resistance levels.
Strategy Outline:
Bullish if price breaks and holds above $154.50 (targets: $158–$160)
Bearish if price breaks below $148 (targets: $142.50 / $136)
Short-term scalping opportunity within $149–$153.75 zone pending further clarity
*This analysis is for informational and educational purposes only and does not constitute financial or investment advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a licensed financial advisor before making trading decisions. The author is not responsible for any losses incurred from reliance on this analysis.*
Solana (SOLUSD) 4H Analysis – Rejection From Demand ZoneSolana 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
SOLUSD AnalysisFollowing the recent geopolitical tensions between Israel and Iran, we saw a sharp sell-off, which broke down from a key support zone. Currently, price action is consolidating within a rising wedge (bearish structure) on declining volume.
The trend remains bearish overall. I expect a potential relief bounce toward the $150 zone, where multiple EMAs and the edge of the Ichimoku cloud could act as resistance. If rejected there, my first downside target is $136 a key horizontal level from previous structure.
Keep in mind: this move is heavily news-driven, so headlines could continue to impact price action significantly.
RSI is still below 50 and struggling to break trendline resistance, which supports the bearish bias.
SOL/USDT at Key Inflection Point – Breakout or Rejection? Part 2Solana (SOL) is trading at a pivotal zone where price structure, harmonic patterns, and key technical indicators converge. This setup outlines three potential scenarios, guided by Fibonacci levels, auto trendlines, and momentum indicators.
Green Scenario (Confirmed Bullish Continuation)
A sustained hold above $155, especially if followed by a breakout through $156.50 with rising volume, would confirm the green path. This scenario reflects short-term bullish momentum strengthening, as RSI remains near 60 and PVT continues to climb. If confirmed, price may extend toward $160, with secondary targets in the $165–$172 range, aligning with the upper ascending trendline and harmonic extension.
Orange Scenario (Sideways-to-Bullish Consolidation)
This scenario becomes increasingly likely if SOL remains range-bound between $153.50 and $157.80. This consolidation zone overlays the 50–61.8% Fibonacci levels, Bollinger Band basis, and several key trendline intersections. With RSI holding in the 55–65 range and PVT stable, this setup would favor re-accumulation before another breakout attempt. Price action above $155 continues to support this scenario as the base case.
Red Scenario (Bearish Breakdown)
A breakdown below $153.50, especially if followed by a breach of $150 on high sell volume, would invalidate the bullish thesis. This scenario opens downside risk toward $147.35 and potentially $144.00–$140.00. RSI would likely drop below 50, and a flattening or declining PVT would confirm distribution. This path aligns with the broader red trendline and would indicate a rejection of the recent bullish breakout.
Indicators Used:
Bollinger Bands (BB 20, 2)
Relative Strength Index (RSI 14) with moving average overlay
Price Volume Trend (PVT)
Auto-generated trendlines
Harmonic Patterns (ABCD and XABCD)
Fibonacci Retracement and extension levels
Bias:
Short-term bullish if price holds above $155. Market structure, RSI, and PVT favor upward continuation or consolidation. A break below $153.50 would shift the bias toward neutral or bearish.
Strategy Outline:
Bullish if price breaks and holds above $156.50
Targets: $160 / $165 / $172
Bearish if price breaks below $150.00
Targets: $147.35 / $144.00 / $140.00
Scalping opportunity in the $153.50–$157.80 zone while awaiting directional confirmation
**This analysis is for informational and educational purposes only and does not constitute financial or investment advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a licensed financial advisor before making trading decisions. The author is not responsible for any losses incurred from reliance on this analysis.**
Boom📉 SOLUSD Reversion Entry – Capturing the Recovery
This chart shows a textbook example of how the ELFIEDT RSI + Reversion Strategy can help identify panic-driven lows and offer early reversal signals for a clean intraday recovery.
⸻
🟢 Signal Breakdown:
1. Sharp Drop into Oversold Territory
Solana (SOLUSD) experienced a large, fast selloff, breaking multiple support levels and triggering a flush in price. This type of move often represents emotional or news-driven liquidation — perfect for statistical reversion setups.
2. First “UP” Signal Printed at the Low
The strategy fired a buy signal just as price reached peak selling pressure:
• Price closed well below the lower volatility band
• RSI reached an extreme oversold zone
• The reversal candle marked the turning point
3. Second “UP” Signal on Confirmation
A follow-up signal printed one candle later, offering traders a second chance to enter the reversal with RSI already starting to recover upward.
4. Bounce Followed Shortly After
Price rallied from the lows, recovering several dollars in value and offering a strong mean reversion trade with limited downside risk.
⸻
✅ How Traders Could Have Used This Setup:
• Wait for the first “UP” label to print on a fast drop — especially after a vertical move like this
• Confirm with RSI turning up from deeply oversold conditions
• Use the low of the signal bar as your stop
• Target previous minor support/resistance or the moving average reversion zone as your first TP
⸻
💡 Why This Worked:
The trade worked well because:
• It was a statistical outlier move (rare volatility event)
• Volume and momentum exhaustion were confirmed by RSI
• The script visually identified the moment where price had likely stretched too far
⸻
This is exactly what the ELFIEDT strategy is designed for — catching those high-stress extremes where most traders panic, but structured reversion logic finds opportunity.
SOLUSD – Eroding Support, Soft Fade ModeSolana rejected from just above $150 and has been sliding gradually. Price is forming a descending channel, and intraday momentum remains weak. Support near $145 is being tested frequently, suggesting that buyers are losing strength. Expect either a breakdown below $145 or a bounce that will be critical to determine next direction. Short-term traders may look to fade rallies toward $148.50.
Already ready to go longMy bias for Solana is super bullish. I invest in Solana and I think it is still a good price to buy and hold, but I am planning to trade with leverage.
Currently, Daily EMA200 is dead flat and running across the candles.
MACD moving to the upside but still in bear territory.
There is a bullish momentum building up, however, there is a large sell order block sitting above the current price area, and the price can oscillate around EMA200. The similar situation is marked in the blue rectangular box in the chart.
I will open a long position when:
1) EMA 21 >EMA55> EMA200
2) MACD lines cross and move in the bull territory.
3) a daily candle closes above EMA21. (see red vertical line)
Solana: Still bullish about this cryptoHello,
I see the current price is at a great value price for Solana investors. The market has corrected by over 22% over the recent 36 days. The MACD is also showing signs of bullish zero crossover further reinforcing that the price is at a good place for bullish investors to begin coming in.
We urge investors who would like exposure to this coin to consider entering at the current price. Please have your stop loss below the trendline and your short-term target at $191.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Daily EMA 55 needs to move above EMA 200!!
My general bias for Solana is bullish. However, the current setup is very similar to the setup in Feb-Apr 2022 before Solana started a macro bear trend. (see blue rectangular box)
I am still waiting for a long trade opportunity. I am not looking for a short trade. I just need to sit tight and see how the price is going to unfold in the next few months in the daily chart.
The 2022 setup (see blue rectangular box in the chart):
1) EMA55 crossed below EMA 200 on 16th Feb 2022. (red vertical line in the chart)
2)The price found the temporary floor around $80 and sharply moved above both EMA55 and
200. (see light blue rectangular box)
3) It was the dead cat bounce. It was the beginning of the macro down trend.
4)The price spent months and months under $40 in 22 and 23, however, the price eventually
broke above both EMA 55 and 200 and when EMA55 crossed above EMA 200 in Oct
2023 (red vertical line in the chart), the macro bull trend started.
The current setup (see orange rectangular box in the chart):
1) EMA 55 crossed below EMA 200 on the 4th March 2025.
2) The price moved down to $95 area and sharply moved above both EMA 55 and EMA200. However, it failed to stay above them.
3) The price has been oscillating between $140 and $18. The price is still below EMA55 and EMA200. (see orange rectangular block)
In order to start a strong bull trend,
1) the price needs to close and stay above EMA 55 and EMA200.
2) EMA 55 needs to cross and stay above EMA 200. EMA55>EMA200
3) MACD and RSI need to enter the bull zone.
EMA55 and EMA200 do not cross easily (I mean decisively cross). It only happened three times since 2022, however, when they cross, the price moves very aggressively in one direction.
I think Solana is bullish fundamentally. I am not suggesting it is going to start the macro bear cycle. I am pointing out the price is still not showing a clear direction. From a technical analysis point of view, it might take some time before the trend forms. For now, it is only testing my patience!
Solana Wave Analysis – 9 June 2025
Solana: ⬆️ Buy
- Solana reversed from the support zone
- Likely to rise to the resistance level 163.80
Solana cryptocurrency recently reversed up from the support zone between the key support level 141.65 (which has been reversing the price from April), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from April.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern, the Piercing Line.
Given the improved sentiment across the cryptocurrency markets, Solana can be expected to rise to the next resistance level 163.80 (top of the previous wave B).
Is there hope for Solana?After a retest of support around $142, SOL is testing previous support as resistance around $152.
A strong break and retest of the $153 area could signal price reclaiming support and heading towards $166.
Failing to do so could lead to a retest and confirmation of $140 as support. Of course, losing support would signal further weakness towards $136 before a reversal potentially taking place.
As mentioned before, price is still trading below 1D 200MA, which could either be signaling weakness or the potential for more upside.
Considering the downward direction of the 1D 200MA could also be a bearish signal, however, this also usually happens before a reversal.
Weekly trading plan for Solana Solana looks weaker against BTC & ETH, but still the price is above PP and we can expect continued growth either now or after a local correction as long as the price is above PP
Write a comment with your coins & hit the like button and I will make an analysis for you
The author's opinion may differ from yours,
Consider your risks.
Wish you successful trades ! mura
BULLISH SOLANAI am Bullish From $147.00 with stop loss at $110.
Price has retraced 50% from 7 April LOW to 23 May High Fibo Levels. With A good fundamental backing from the US jobs/Labour reports it seems that we might have a bottom in play an also good buy entries for solana. (RISK APPETITE)
My view on solana is long term and not yet very clear on where to place my TARGETS, but as long as my SL holds on a daily Chart at $110 I will stay Bullish.
Yes we are below the 200 EMA as Well as the 100EMA but as per the Fibo Levels I will stay bullish, A Pullback to $130 is possible if $140 cant hold that will line up with the 61.8% FIBO from the SAME Time as mentioned previously.
IF, Indeed this happens and the price holds at $130 I will add to my Bull Trade.
Technically Solana looks very BUllish for the Medium to long Term with Solid Support at $100, Until Broken My Bullish Analysis will stay in Play
SOL/USDT Rejected at Key Fib Zone – Bulls’ Last Stand at SupportRecap and Bias
The short-term bullish “orange” bounce scenario from the previous analysis failed to materialize. Solana’s price was rejected near 150, printing a lower high, and has since dropped back into the mid 140s. This confirms that the recent rally was a dead-cat bounce rather than a trend reversal.
The updated bias is cautiously bearish. This stems from rejection at resistance, weakening momentum, and a deteriorating volume profile. Unless price reclaims the 148 to 150 zone with strength, the bears remain in control. Only a decisive breakout above that level would shift the short-term outlook back to bullish.
Macro Context
Global risk sentiment remains fragile. The sudden escalation between Israel and Iran in early June, including reports of missile strikes, sparked a flight to safety. Solana’s rally quickly reversed, with price dropping over 15 percent since June 11.
Other geopolitical flashpoints also continue to weigh on investor confidence. The protracted war in Ukraine and ongoing disruptions in Red Sea trade routes have fueled broader market caution. This is contributing to periodic risk-off moves and spikes in volatility across both traditional and crypto markets.
On the economic side, uncertainty around US monetary policy is adding to pressure. Although May inflation cooled slightly, investors remain cautious ahead of upcoming Fed decisions. Crypto assets have traded weakly into these events, reflecting a wait-and-see approach.
Taken together, this geopolitical and macroeconomic backdrop is driving elevated short-term volatility and a higher risk premium in the crypto space. In this context, market participants are increasingly hesitant to take large directional bets without a clear catalyst.
One such catalyst may be the potential approval of a Solana ETF. Optimism has grown, with prediction markets now placing the likelihood of approval near 76 percent by late July. If approved, this could be a game-changing event that re-rates SOL’s medium-term valuation and breaks it out of its current downtrend.
Until then, traders should remain cautious and assume headline risk is elevated.
Multi-Timeframe Technical Outlook
Daily and 4H Trend
The high timeframe structure shows a clear downtrend. Lower highs and lower lows are intact. A double top formation from May broke down cleanly. Most recently, Solana was rejected at a key Fibonacci confluence zone around 149 to 151, which included the 0.618 retracement, the 20-day SMA, and a well-defined supply zone.
After that rejection, SOL has traded along the lower Bollinger Band with increasing volatility. The 20 SMA is now acting as dynamic resistance. All major trendlines have broken.
2H, 1H, and 30m Perspective
Shorter-term charts show SOL attempting to base near 143 to 145 support. Several oversold RSI conditions have triggered bounces, but these have lacked momentum. Harmonic pattern recognition shows that a bearish Deep Crab completed near 152, which marked the local top.
Currently, price remains pinned below descending trendlines and the 1H 20 EMA. Bullish momentum has yet to reappear in any meaningful way.
Key Technical Factors
Resistance: 149 to 151
This zone holds multiple levels of confluence. It includes the 50 to 61.8 percent retracement of the last swing, a 1.272 Fib extension, the 20-day SMA, and prior supply. The rejection at 151.7 was sharp and decisive. Unless price reclaims this zone, it remains a ceiling.
Support: 142 to 145
This is the last meaningful support zone holding price up. It is the neckline of a 12H Head and Shoulders pattern and the base of a previous multi-week range. It also coincides with the lower bound of a prior rising channel. The 50-day MA and 0.236 Fib retracement are also near this zone. If this area breaks, sellers will likely target 130 to 135 next.
Momentum: RSI 14 with MA Overlay
Daily RSI rolled over from above 70 with bearish divergence as price topped. RSI is now below its MA across all timeframes, reflecting negative momentum. On the 4H chart, RSI dipped below 30 and remains weak despite minor relief bounces. Lower timeframes show early divergence but no confirmed reversal signals.
Trend Structure
Price continues to make lower highs and lower lows. The 200-day MA was lost weeks ago. The 50-day is now flattening near 140. A death cross recently printed on the 12H chart, confirming bearish short-term pressure.
Volume and PVT
Volume favors the bears. PVT is in decline, showing more volume on down days than up days. The rally to 150 occurred on weak volume, while selloffs continue to show increasing size. This signals distribution, not accumulation.
Harmonic Patterns
A bearish Deep Crab pattern completed at the recent high. No bullish harmonics are confirmed yet. Traders should monitor the 130 to 125 zone for potential bullish completion patterns like a Gartley or Bat. If those form with oversold signals, they could mark the bottom.
Green Scenario: Bullish Breakout Path
Bias
Only valid on confirmed breakout
Trigger
Break and hold above 150. Ideally, an hourly close above 150 or daily close above 152 confirms the move.
Confirmation
Rising volume, RSI reclaiming 50, and a PVT uptick. A retest of 148 to 150 from above would reinforce the breakout.
Targets
First target is 155, which aligns with the 12H 50 EMA.
Second target is 162 to 165.
Extended targets include 170 to 180 and eventually the 200 psychological level if ETF news hits.
Stop Loss
Below 147 or back inside the 143 zone would invalidate the breakout and suggest a failed move.
Logic
If bulls reclaim 150 with strength, this would invalidate the lower-high structure. Shorts would begin covering and momentum could quickly shift. Breakout entries should focus on confirmation and volume expansion.
Red Scenario: Bearish Breakdown Continuation
Bias
Default scenario
Trigger
Clean break below 142. Daily close under 140 confirms the H and S neckline break.
Confirmation
Failing retests of 142, rising sell volume, and RSI staying suppressed. Price action showing impulsive red candles validates the move.
Targets
First target is 130 to 135.
Second target is 115 to 120.
Final measured move would project into the 100 to 110 zone if trend acceleration continues.
Stop Loss
Any reclaim of 145 to 148 would likely invalidate the breakdown and trap late sellers.
Logic
If this support fails, shorts will press. Bounces will likely be sold into. Traders can enter on the break or the first failed retest of 142. Consider scaling out near 135 and trail stops from there.
Strategy Summary
Current Bias
Leaning bearish unless bulls reclaim 150
Key Levels
148 to 150 is breakout zone
142 to 140 is breakdown zone
Trading Strategy
Range traders can play 144 to 150 but must be nimble
Breakout traders should wait for confirmation above 150
Breakdown traders can short under 140 with stops over 145
Risk Management
Volatility is elevated. Trade smaller size. Use tight stops and trail them. Wait for confirmation, not anticipation. Watch ETF news closely. If delayed, expect continued weakness.
Solana bag holders could soon be under pressureSOL prices are getting squeezed, and the price appears stuck in a descending triangle pattern, with a 20% downside potential if key levels break. Weighing on prices are the US economic slowdown and the Israel-Iran war. On the flip side, we may soon hear from the US government, with the President’s Working Group on Crypto expected to release their report before 22 July.
What’s your take on SOL? Will bullish or bearish forces prevail?
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#SOLANA - Pivot Point is $154.20Date: 16-06-2025
#Solana Current Price: 156.37
Pivot Point: 154.20 Support: 150.28 Resistance: 158.15
#Solana Upside Targets:
Target 1: 162.49
Target 2: 166.84
Target 3: 171.58
Target 4: 176.32
#Solana Downside Targets:
Target 1: 145.92
Target 2: 141.56
Target 3: 136.82
Target 4: 132.08