Solana is now facing a critical Quasimodo Level (QML) around 260 – 270, a historically significant supply zone.
A strong rejection here could trigger a major downside move, potentially driving price back toward the 111 – 115 support area.
On the other hand, a decisive breakout and sustained move above QML would invalidate the bearish setup, opening the path for further bullish continuation.
At this stage, the QML acts as a make-or-break level for Solana. The next few daily candles will be decisive in determining whether SOL resumes its bullish trajectory or enters a sharp correction.
A strong rejection here could trigger a major downside move, potentially driving price back toward the 111 – 115 support area.
On the other hand, a decisive breakout and sustained move above QML would invalidate the bearish setup, opening the path for further bullish continuation.
At this stage, the QML acts as a make-or-break level for Solana. The next few daily candles will be decisive in determining whether SOL resumes its bullish trajectory or enters a sharp correction.
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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.