- Solana’s price has respected key supply zones, triggering a sustained downtrend for three days
- H4, H1, and M15 timeframes remain bearish, hinting at possible continued downside
- Market unpredictability means scenarios are possible but never guaranteed—flexibility is key
Hey there, traders! In my last analysis of Solana, we identified some potential zones for shorting opportunities.
If you followed along, you might have noticed how the price action unfolded—let’s break it down together.
What Happened?
The first supply zone we marked offered a small reaction.
It wasn’t much, just enough for the market to accumulate even more liquidity before making a bigger move. Then, the price reached the second supply zone.
And guess what? For over three days now, Solana’s price has been steadily dropping from that level.
This reinforces the idea that understanding key zones and supply areas is crucial for trading. Solana respected those areas, at least partially, validating the strategy to some extent.
Current Market Outlook
Right now, we see that H4, H1, and M15 timeframes are all bearish. With that in mind, the price could very well continue its downward momentum. A likely scenario is for it to revisit one of these identified supply zones, respecting them once again.
That said—let’s keep it real—the market has a mind of its own. While the setups look promising, nothing is ever guaranteed. Solana’s price could take an unexpected turn, as crypto markets are known for their unpredictability.
A Word of Caution
These scenarios and zones are possibilities, not certainties. The analysis is based on current market conditions, but things can shift quickly. It’s essential to approach this with caution and flexibility, adapting as the market moves.
And remember, this isn’t financial advice. These insights are purely informational and meant to help you think critically about your strategy. Always do your own research and assess the risks before making any trading decisions.
Final Thoughts
Solana’s recent price action highlights the importance of watching key supply zones and staying alert to market trends. Whether it continues downward or surprises us with a reversal, being prepared for multiple outcomes is the best way to navigate this space.
Good luck, and as always—stay sharp, stay flexible, and stay informed!
Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk.
We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.
