On the 4H chart of Solana (SOL), the price has broken out of a temporary bullish trend and entered a clearly defined descending channel.
🔸 The major resistance around $164–$172 could limit further upside in the short term.
🔸 A confirmed breakdown below the $150 support may lead to a deeper correction toward the $115 zone.
🔸 The descending channel is currently guiding price action, and reactions to its midline and upper boundary will determine the next major move.
🔸 The analysis distinguishes between short-term impulses and the dominant daily downtrend, helping identify potential trade setups.
📌 This analysis is for educational purposes only.
🔸 The major resistance around $164–$172 could limit further upside in the short term.
🔸 A confirmed breakdown below the $150 support may lead to a deeper correction toward the $115 zone.
🔸 The descending channel is currently guiding price action, and reactions to its midline and upper boundary will determine the next major move.
🔸 The analysis distinguishes between short-term impulses and the dominant daily downtrend, helping identify potential trade setups.
📌 This analysis is for educational purposes only.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.