Solana - Descending Channel, Massive Rebound or Deeper BreakdownBased on the weekly SOL/USDT chart, price action remains within a Descending Channel structure that has been forming since the 2025 peak. This channel indicates that the medium-term trend is still in a corrective phase, characterized by a consistent pattern of Lower Highs and Lower Lows. 📉
💰 The current price is trading around $64, while a major Demand Zone lies between $47 and $35 (yellow block). This area is extremely important as it could serve as the final line of defense for buyers to preserve the long-term bullish market structure.
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🔍 Pattern Formation: Descending Channel
The primary pattern visible on this chart is a Descending Channel.
📌 Pattern Characteristics:
✅ Downward-sloping resistance trendline (red line)
✅ Downward-sloping support trendline (yellow line)
✅ Price continues to trade within two parallel boundaries
✅ Reflects a corrective phase within a broader trend
🎯 Pattern Significance:
A Descending Channel is generally considered a corrective pattern that often ends with an upside breakout if buying demand remains strong. 🚀
However, as long as price remains inside the channel, bearish pressure continues to dominate the market. 📉
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🟨 Key Demand Zone: $47 – $35
This area represents the major demand zone highlighted on the chart.
⭐ Why Is This Zone Important?
🔹 It acted as a historical support area that previously triggered a strong bullish impulse.
🔹 It is located near a major psychological price region that could attract institutional accumulation.
🔹 It sits near the lower boundary of the channel, creating strong technical confluence.
🔹 It has the potential to form a long-term swing low.
📌 As long as the $47 – $35 demand zone holds, the possibility of a bullish reversal remains valid.
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🐂 Bullish Scenario
🚀 Main Bullish Conditions
A bullish confirmation would become more likely if:
✅ Price successfully holds the $47 – $35 Demand Zone.
✅ Strong buyer reactions appear through weekly rejection candles.
✅ Price reclaims the channel's midline.
✅ A breakout occurs above the Descending Channel resistance (red trendline).
🎯 Bullish Targets
🥇 Target 1: $90 – $110
🥈 Target 2: $150 – $180
🥉 Target 3: $240 – $300
🏆 Extended Target: $400+
📈 A breakout above the channel could signal that the corrective phase has ended and that a new bullish trend is beginning.
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🐻 Bearish Scenario
⚠️ Risks to Watch
The bearish case becomes stronger if:
❌ Price fails to hold above the $47 – $35 Demand Zone.
❌ A strong weekly candle closes below the demand area.
❌ Selling volume increases during a support breakdown.
🎯 Bearish Targets
🔻 $35 as the final support within the demand zone.
🔻 If $35 is lost, price could decline toward the $25 – $20 region, in line with the lower boundary projection of the channel.
🔻 A complete breakdown could extend the distribution phase and prolong the long-term correction.
📉 As long as price remains below the channel resistance, downside risks should not be ignored.
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📈 Conclusion
SOL/USDT is currently trading at a highly critical area after spending months within a Descending Channel structure. The market's primary focus is now on the $47 – $35 Demand Zone, which could become a major turning point for price action. 🔥
📌 Holding above the demand zone could open the door for a strong rebound and a channel breakout.
📌 Losing the demand zone could trigger a deeper decline toward lower support levels.
📌 Price behavior around this area will likely determine SOL's trend direction for the coming months.
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SOLANA: Wave energy on the brink of a new movementSOLANA: Wave energy on the brink of a new movement
SOLANA Wave Overview (D1 and H4)
As a trader who has been practicing wave analysis for over ten years, I note that the current Solana structure demonstrates the completion of an extended corrective formation and the potential for a new impulse to emerge.
Chart D1: The global picture indicates that the market is completing a sideways phase. The wave structure appears to be the end of a corrective sequence, which serves as the foundation for the next trend move.
Chart H4: Local dynamics confirm the formation of key entry points. Here, the first signs of an emerging impulse are visible, which could mark the beginning of a larger wave.
Main Scenario
After the completion of the corrective phase, a descending impulse sequence is expected to develop. This movement will be accompanied by increased seller activity and a gradual shift in priority to the downside.
Alternative Scenario
If the price holds above recent highs and forms a stable upward impulse structure, the priority will shift to continued growth. In this case, the correction will be considered incomplete, and Solana may show an additional rebound.
Trading Idea
Conservative approach: wait for confirmation of a breakout of key levels and enter with the trend.
Aggressive approach: use local impulses on H4 for earlier entries, but with tight stops.
In both cases, it is important to maintain strict risk management and adjust the plan as new impulses emerge.
Results
Solana is at the transition point between a correction and a new impulse. The wave structure on D1 and H4 provides clear guidelines for action: watch for confirmation of the scenario and act with discipline. Short 
FireHoseReel | All Eyes on Solana at This Critical Level🔥 Welcome to FireHoseReel!
Let’s jump into the Solana (SOL) market structure.
👀 SOL – 4H Overview
After breaking its descending curve structure, SOL faced strong resistance at $144 but failed to break it, leading to a sharp rejection.
Price then formed a double bottom and pushed back toward the same resistance. SOL is now trading near this critical zone once again.
📊 Volume Analysis
Volume increased significantly during the formation of the double bottom, driving a sharp move back toward resistance.
If buy volume remains sustained, the probability of a breakout above $144 increases.
✍️ SOL Trading Scenarios
You can use the following scenarios alongside your own trading strategy:
🟢 Long Scenario (Breakout Setup)
A confirmed breakout above $144, supported by a strong increase in buy volume, could provide a solid long opportunity on SOL.
🟢 Long Scenario (Aggressive Risk Setup)
Wait for price to consolidate, then enter during the pullback with decreasing volume, followed by the first signs of renewed buying pressure.
This setup allows for a tighter stop-loss and faster R:R, suitable for higher-risk traders.
🔴 Short Scenario
A loss of the key support at $124, accompanied by strong sell pressure, could activate a valid short setup for SOL.
❤️ Risk Management & Emotional Discipline
Crypto trading is highly risky. Without proper risk management and emotional control, trading is no different from gambling.
Logic must always come before emotions. Learn to manage your trades, and enjoy the process of trading with control and discipline. Long 
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Solana is trading around $207-208, showing strong growth.1. Current dynamics
Solana is trading around $207–208, showing steady growth. During the last day, the price has added about 0.5–0.7%, with a weekly gain of about +8%.
2. General technical picture
On timeframes from 1 hour to a month, SOL receives a general “Strong Buy” signal; the pace slows down only on the minute chart.
Indicators confirm: RSI — ~62 (Buy), MACD — Buy, ADX shows a strengthening trend — also Buy.
3. Fundamental levels and scenarios according to TipRanks
The price is above MA100 and MA200, which forms a stable bullish base. However, the price is below EMA20, the signal is Sell, while EMA50 supports Buy.
Pivot points (pivot) approximately:
Support: $177-182
Resistance: $187-200
4. Short-term driver
SOL is trading around $204, forming a triple top at $210.
Breaking this resistance can lead to +10% growth, with targets at $218-$228, and then to $250.
Current indicators: RSI - ~67 (bullish), MACD - confirms bullish momentum.
5. Trading activity review
SOL is trading with a volume of about $7.2-7.7 billion. Market capitalization is about $112 billion. Long 
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