SOLANA - retest resistance of the trading range

SOLUSDT has been rising since the session opened amid a weak market. The altcoin is showing bullish momentum in a predominantly bearish market, with a focus on the 145.0 zone.



Bitcoin is rebounding from resistance amid a global downtrend. There is currently no bullish potential (across the entire market), which is putting pressure on altcoins overall.
SOL, against the backdrop of a neutral market, is seeking to test the resistance zone of 144.7 - 146.0 - a key liquidity zone that plays an important role for MM in the current circumstances.
A short squeeze and the formation of a reversal pattern could shift the imbalance towards sellers, which in turn could lead to a decline.

Resistance levels: 143.4, 144.7, 146.0
Support levels: 134.3, 127.55

Solana is trading in a neutral trading range of 145.0 - 123.0. The main trend is bearish. The bullish run and retest of resistance can be perceived as a hunt for liquidity. We are interested in the above-mentioned resistance zone and confirmation in the form of a false breakout to enter the market.

Best regards, R. Linda!