🔹 SOLUSDT Price Action Analysis: Solana has faced a strong bearish rejection from the 120–121 resistance and liquidity area, followed by a sharp decline toward the rising trendline. The current price is consolidating near 109–110, where buyers are attempting to stabilize the market. The ascending trendline remains an important structural support, while the 103–104 zone represents a key support area where additional buying interest could emerge. The recent sell-off suggests that bearish pressure has increased, although the broader recovery structure has not been completely invalidated.
🔸 Possible Market Scenarios: If SOLUSDT holds the rising trendline and builds bullish momentum, price could attempt a recovery toward 115–120 resistance and the highlighted liquidity zone. However, a confirmed breakdown below the trendline could expose the 103–104 support area, potentially weakening the existing bullish structure. Traders may wait for clear price action confirmation around these key zones before considering any trade, as volatility could influence the next directional move.
This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.
🔸 Possible Market Scenarios: If SOLUSDT holds the rising trendline and builds bullish momentum, price could attempt a recovery toward 115–120 resistance and the highlighted liquidity zone. However, a confirmed breakdown below the trendline could expose the 103–104 support area, potentially weakening the existing bullish structure. Traders may wait for clear price action confirmation around these key zones before considering any trade, as volatility could influence the next directional move.
This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.
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