- Solana’s recent dump may be a liquidity grab on the daily trendline
- m15 shows liquidity building on both sides—watch that nearby demand
- Always wait for a change of character—don’t jump the gun
It’s been a rough ride for Solana lately—no sugarcoating that.
Like XRP, the token faced a significant drop in recent days, and if you’ve been following my articles for a while, you already know what that likely means: liquidity grab.
If you’re new here, let me explain it real quick—liquidity grabs are those sneaky price moves that hunt the stops of retail traders sitting above or below key levels, only to reverse direction. Classic.
A Quick Glance at the Bigger Picture (Daily Timeframe)
On the daily chart, we can clearly spot the potential reason behind this drop: a juicy liquidity trendline sitting just below price. And guess what? That trendline has now been swept.
Coincidence? Not likely.
These moves are typical before a market makes a meaningful reversal or traps some late sellers. So while this Solana price drop might look scary on the surface, it might actually be part of a larger setup.
Zooming into the Action: m15 Solana Analysis
Let’s shift our lens to the 15-minute chart. Solana went up first, hunting that sweet liquidity sitting above, then ignored the demand zone we had eyes on. No entry signal there—annoying, but not unusual.
Right now, the price is accumulating liquidity on both sides, and that’s when things get interesting. This nearby demand zone is showing signs of promise, and if we get a solid change of character, it could offer a great long opportunity.
We’re not in the business of guessing. We’re in the business of reacting.
If the market shifts, we shift. Simple as that. But remember—nothing is ever 100% guaranteed. These are possible scenarios, not fixed outcomes. Always adapt.
P.S. If you’re trading Solana, consider doing it with low fees and high speed—check out Weex if you haven’t already.
