SOL / TetherUS

SOL Daily Recap: Breakout or Reversal Ahead?

138
Solana (SOL/USD) recently tested the daily trendline support around $174.09 and bounced, with price action now approaching the FVG target zone near $189.55. The bullish move pushed toward the watch imbalance zone at $200, hinting at a potential breakout toward upper liquidity at $240 if momentum holds. However, the order block rejection near $210 suggests caution—watch for a bearish reversal if it fails to break, targeting lower liquidity at $153.11. With Stoch RSI entering oversold, a bounce or further dip could be next—keep an eye on $200 as the key pivot!

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.