SOL has ridden a well-behaved growth channel since early April. After rejection at 180 USDT, price tests the channel spine around 165, which also marks the April breakout node. Defend it and the upper rail near 195-200 beckons; lose 160 and eyes shift to the lower boundary close to 150. Trade active
SOL continues to surf its growing channel: after rejection at 180, candles are leaning on the mid-spine around 170-172 USDT. Preserving this pivot keeps the upper rail at 195-200 in focus, matching the channel’s gradient and the prior measured leg. A daily close under 160 would flag the first crack, exposing 150 for a healthier reset before any larger push. 🔥
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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.