Hi everyone!
Solana appears to be forming a double top pattern near the $250 zone, signaling potential bearish momentum. After failing to sustain above the upper channel resistance, the price broke below the midline support, confirming short-term weakness.
Currently, SOL is retesting the neckline area around $190. If it fails to reclaim this level, further downside is likely. The next key support zones lie around $165 and $147, aligning with the previous structure and the lower channel boundary.
A clean break below $165 would likely accelerate the move toward $147, confirming a deeper correction within the broader ascending channel.
Bias: Bearish below $190
potential targets at $165 → $147.
Solana appears to be forming a double top pattern near the $250 zone, signaling potential bearish momentum. After failing to sustain above the upper channel resistance, the price broke below the midline support, confirming short-term weakness.
Currently, SOL is retesting the neckline area around $190. If it fails to reclaim this level, further downside is likely. The next key support zones lie around $165 and $147, aligning with the previous structure and the lower channel boundary.
A clean break below $165 would likely accelerate the move toward $147, confirming a deeper correction within the broader ascending channel.
Bias: Bearish below $190
potential targets at $165 → $147.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
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Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Related publications
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.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Related publications
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.