Trade active
The recent high around $195–200 sits squarely in the daily resistance / temporary support zone, which previously acted as a distribution point. Price showing rejection here signals that sellers are defending this area, confirming it as a valid short-term ceiling.If that rejection sustains, the next logical magnet is the 4-hour breaker block (~$175–185) — a mid-range liquidity pocket where short-term buyers might attempt a bounce. But if that fails to hold, momentum could drive SOL deeper toward the daily order block (~$155–165), where stronger accumulation historically began.
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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.