After a short-term correction, Solana (SOL) is showing signs of renewed bearish momentum.
The recent upward move looks like a retracement within a larger downtrend structure.
🔹 Current outlook: Bearish
🔹 Updated target: 156 (previously 164)
🔹 Invalidation: Breakout above the marked resistance zone on the chart
As long as the price remains below resistance, I expect continuation toward the lower support area.
A confirmed breakout above this zone would invalidate the bearish scenario and shift the bias to bullish.
#Solana #SOLUSD #CryptoAnalysis #TechnicalAnalysis #PriceAction #Altcoins #BearishSetup #TradingView #MarketStructure
The recent upward move looks like a retracement within a larger downtrend structure.
🔹 Current outlook: Bearish
🔹 Updated target: 156 (previously 164)
🔹 Invalidation: Breakout above the marked resistance zone on the chart
As long as the price remains below resistance, I expect continuation toward the lower support area.
A confirmed breakout above this zone would invalidate the bearish scenario and shift the bias to bullish.
#Solana #SOLUSD #CryptoAnalysis #TechnicalAnalysis #PriceAction #Altcoins #BearishSetup #TradingView #MarketStructure
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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.