SOL/USD At Key Resistance – Rejection in Play? Watch These Level

Solana is currently reacting to a major supply zone around $174 – $176, with signs of price exhaustion at the top.

Key Technical Zones:

Supply Zone: $173.44 – $176 (previous distribution zone)

First Support: $139.56 (prior breakout level)

Major Demand Zone: $103.29 – $116.41 (confluence of structure and demand imbalance)


Market Context:

Price formed a consolidation block below the supply before a fakeout.

The recent wick rejections indicate strong seller presence.

Upcoming U.S. economic data releases (marked with icons) could be the catalyst for volatility.


Trade Idea:

Bearish bias short-term if SOL fails to close above $176 with volume.

Short setup: Look for bearish confirmation and target $139.56 first, then $116.

Long re-entry zone: Consider buying only around $116–$103 zone, where institutional demand is likely.


Watch For:

Momentum shifts on the 1H/4H.

Strong red candle closure below $173.

Volatility spikes around upcoming news events.


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