Solana is currently consolidating within a tight range after failing to sustain momentum above the short-term moving averages. Price continues to trade below the 200-EMA, which keeps the broader 4H trend tilted to the bearish side.
Key Levels
Immediate Resistance:
$135–136 zone where price recently faced multiple rejections.
Short-term EMAs are also flattening near this region, creating additional overhead pressure.
Major Supply Zone:
$168–175 (highlighted red area).
This remains a strong higher-timeframe resistance where sellers previously dominated.
Immediate Support:
$128–130 (blue demand zone).
Price rebounded from here several times, showing active buyers.
Market Structure
Price attempted a short-lived recovery but failed to break above the 200-EMA. The market is forming lower highs, indicating weakening bullish attempts. Unless SOL makes a decisive close above the $135–136 region, upside continuation remains limited.
A sweep of liquidity into the $128–130 support zone is still possible, especially if momentum weakens further.
RSI Momentum
The RSI is hovering around the mid-zone (~45–47), reflecting indecision and lack of strong directional momentum.
No major bullish or bearish divergence is present on the current 4H structure.
As long as RSI remains below 50, bulls are not in clear control.
Possible Scenarios
Bullish Case
A clean breakout and 4H close above $136 could open room for a move toward $142–145, followed by a potential retest of the $155–160 region.
However, the 200-EMA overhead means buyers need strong volume to shift structure.
Bearish Case
If price breaks below the $128–130 demand zone, SOL may revisit $122–124, where the next support cluster is visible.
Failure to hold these levels could extend the corrective structure.
Neutral Summary
SOL is currently range-bound between $130–136, with neither side showing strong conviction. Traders may prefer waiting for a breakout from this range or a clearer reaction at the major support zone before taking directional positions.
This analysis is for educational purposes only and reflects general market observations, not financial advice.
Key Levels
Immediate Resistance:
$135–136 zone where price recently faced multiple rejections.
Short-term EMAs are also flattening near this region, creating additional overhead pressure.
Major Supply Zone:
$168–175 (highlighted red area).
This remains a strong higher-timeframe resistance where sellers previously dominated.
Immediate Support:
$128–130 (blue demand zone).
Price rebounded from here several times, showing active buyers.
Market Structure
Price attempted a short-lived recovery but failed to break above the 200-EMA. The market is forming lower highs, indicating weakening bullish attempts. Unless SOL makes a decisive close above the $135–136 region, upside continuation remains limited.
A sweep of liquidity into the $128–130 support zone is still possible, especially if momentum weakens further.
RSI Momentum
The RSI is hovering around the mid-zone (~45–47), reflecting indecision and lack of strong directional momentum.
No major bullish or bearish divergence is present on the current 4H structure.
As long as RSI remains below 50, bulls are not in clear control.
Possible Scenarios
Bullish Case
A clean breakout and 4H close above $136 could open room for a move toward $142–145, followed by a potential retest of the $155–160 region.
However, the 200-EMA overhead means buyers need strong volume to shift structure.
Bearish Case
If price breaks below the $128–130 demand zone, SOL may revisit $122–124, where the next support cluster is visible.
Failure to hold these levels could extend the corrective structure.
Neutral Summary
SOL is currently range-bound between $130–136, with neither side showing strong conviction. Traders may prefer waiting for a breakout from this range or a clearer reaction at the major support zone before taking directional positions.
This analysis is for educational purposes only and reflects general market observations, not financial advice.
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.
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.