SOL is still under the dominance of the bears (4H)

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Solana is in a major bearish trend and recovery moves toward the upside remain weak. Serious buyers are not entering Solana around this area.

There is a liquidity pool above the chart and behind this pool there is a strong order block. It is expected that upon hitting the order block the price may experience a significant drop and move toward the marked targets.

In the support area we are looking for sell or short zones.

For the first target consider breaking even.

A daily candle closing above the invalidation level will invalidate this analysis.

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What is your opinion about SOLANA?
Zlecenie aktywne
After hitting the supply zone, it dropped more than 8% and the first target was reached.
snapshot

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