$SOL Tight Range. Big Move Loading? Full Multi-TF Breakdown

8 giu

📊 SOL Daily Chart

Price bounced from confluence support around $126 (0.236 fib + local structure), but remains below all key retracements from the $184 high.

– RSI hovering around 39 → oversold but no bullish divergence
– MACD still below signal line, weak momentum
– Structure remains inside a descending channel

BTC is testing $106K into weekly close.
If Bitcoin confirms a breakout, SOL could follow with a push above $160.3 (0.236 fib).

Reclaim of $160 → $184 next
Failure → $126 retest, with risk of break toward $118

Trend bias: bearish → neutral
Watching BTC for confirmation.

8 giu

Nota

📊 SOL 4H Chart

Price broke out of the descending channel with a strong push above the 0.382 retracement ($146.8). Now facing initial resistance at $160.3 (0.236 of full move down).

– RSI rising to 58.6 with room to expand
– MACD bullish crossover, momentum building
– Volume increasing slightly on breakout attempt

Break and close above $160.3 → opens up $172 and $184
Rejection = likely retest of $146–148 zone

Short-term momentum favoring bulls, but confirmation requires a clean 4H close above $160.

8 giu

Nota

📊 SOL Weekly Chart

Price currently ~$154 — hovering below key resistance near $160, and holding well above the 0.236 Fib retracement ($138.11).

– RSI = 52.3 → neutral, slightly rising
– MACD crossing upward, early bullish momentum
– Structure still trending upward since 2023, higher lows intact

A weekly close above $160 would break local downtrend and unlock targets at $188 and $203.
Break below $138 = structural damage, $126 next support.

Bias = neutral → bullish if $160 flips to support
Watching Bitcoin for confirmation.

8 giu

Nota

📅 SOL Monthly Chart

Price is holding the 0.5 Fibonacci extension ($142.95) after rejection from the 0.618 level ($274.5).

– RSI = 55.6 → mid-range, trending sideways
– MACD still red but flattening
– Heikin Ashi candles suggest slowing momentum, not reversal

$142 = key monthly support
Break and hold above $160 → flips structure back to bullish continuation

Bias: long-term bullish above $126, but momentum needs confirmation
Eyes on Bitcoin monthly close to confirm trend acceleration.