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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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.