SOL/USD | 1H Technical Outlook
Solana is trading inside a major supply zone (173.44 – 176), showing early signs of rejection. This level aligns with previous distribution activity. The question now: Will bulls absorb the sell pressure or get rejected hard?
Key Zones to Watch:
Supply Zone: 173.44 – 176 (current price range)
Immediate Support: 159.25 (recent breakout level)
Mid Support: 145.09 (price pivot + prior resistance)
Demand Zone: 131.33 – 126 (strong buy interest, heavy volume footprint)
Scenario Planning:
Breakout Traders: A solid close above 176 with volume could trigger an extended push higher.
Short Setup: Rejection candles or fakeouts in this range are prime short entries with targets at 159.25 and 145.
Buy the Dip: Strong reaction around 131.33 could offer a swing opportunity.
LuxAlgo Supply/Demand Zones are doing their job here—watch for a clean reaction. Plus, the U.S. economic calendar below could shake things up next week.
Solana is trading inside a major supply zone (173.44 – 176), showing early signs of rejection. This level aligns with previous distribution activity. The question now: Will bulls absorb the sell pressure or get rejected hard?
Key Zones to Watch:
Supply Zone: 173.44 – 176 (current price range)
Immediate Support: 159.25 (recent breakout level)
Mid Support: 145.09 (price pivot + prior resistance)
Demand Zone: 131.33 – 126 (strong buy interest, heavy volume footprint)
Scenario Planning:
Breakout Traders: A solid close above 176 with volume could trigger an extended push higher.
Short Setup: Rejection candles or fakeouts in this range are prime short entries with targets at 159.25 and 145.
Buy the Dip: Strong reaction around 131.33 could offer a swing opportunity.
LuxAlgo Supply/Demand Zones are doing their job here—watch for a clean reaction. Plus, the U.S. economic calendar below could shake things up next week.
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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.