- Solana recently achieved a new all-time high on the weekly timeframe
- The price reacted strongly to a previously identified demand zone, sparking bullish momentum
- Key resistance near $251 could define the next big move—watch for a breakout or retracement
Let’s talk about Solana—currently stealing the spotlight in the crypto market.
It recently smashed through to a new all-time high (ATH) on the weekly timeframe, a thrilling moment for long-term holders.
But what’s even more fascinating is what’s unfolding when we dig deeper into the lower timeframes.
4-Hour Chart: The Bounce That Stole the Show
Remember that last demand zone we marked a few days ago? Well, Solana didn’t just touch it—it reacted beautifully, bouncing off with energy that hints at strong buyer interest.
If you’ve been tracking this zone, kudos; the market delivered exactly what was anticipated.
But hold on. Zoom out, and the plot thickens. There’s a juicy liquidity pool to the left, sitting there like a magnet. Could it pull Solana into a temporary drop? Maybe.
Markets love grabbing liquidity before resuming their main trend, so don’t let any retracements catch you off guard.
1-Hour Chart: The Battle Around $251
Shifting to the hourly chart, here’s where things get even spicier. Solana is teasing us at a supply zone. Above it, there’s an enticing liquidity cluster, practically begging to be taken out.
If this zone breaks, it’s game on, and Solana might rocket toward the $251 supply area.
Now, here’s where you’ll want to keep your eyes glued. If Solana punches through $251 and sustains that move, we could be witnessing the birth of yet another ATH.
But—and it’s a big “but”—if the price reacts harshly here, we might see a pullback, possibly retracing to retest previous demand zones.
Stay Flexible, Stay Smart
The beauty (and frustration) of crypto? It’s unpredictable. Scenarios like these help frame possibilities, but the market? It’ll do what it wants. One thing’s certain: Solana is in an exciting phase, and whether you’re holding, trading, or just observing, there’s plenty to keep an eye on.
Friendly Reminder
This is just my perspective—not financial advice. Use this information wisely, but always DYOR (Do Your Own Research). Trading is thrilling but comes with risks, so tread carefully!
What’s your take on Solana’s next move? Will it smash through resistance, or are we due for a breather? Let me know your thoughts!
