- Solana failed to tap the supply zone and broke through demand, sweeping liquidity below
- A bullish reaction is possible, but further downside remains on the table
- Patience is key—watch for confirmation before making any moves
Solana has been making some interesting moves lately, reacting to liquidity zones and testing key support levels. In our last Solana analysis, we considered the possibility of the price retracing to the supply zone before heading lower.
However, things played out a bit differently
Solana Analysis: A Breakdown of Recent Price Action
Instead of reaching the supply zone, Solana didn’t even take the liquidity resting above. While it initially reacted at demand, the pullback was weak—an early sign that sellers were still in control.
Eventually, the price broke below the demand, taking out liquidity that had been building up underneath.
Now that the liquidity grab has happened, two potential scenarios come into play:
- A bullish reaction from here – With the liquidity sweep complete, buyers might step in, pushing Solana back up toward resistance levels.
- More downside pressure – If Solana keeps dropping, it could break through the daily demand zone, even targeting the last swing low to the left.
So, which way will it go? Right now, the market is at a decision point. We need to watch price behavior closely to confirm the next major move.
Solana Price Prediction: What’s Next?
- If Solana starts forming bullish structure, a push to reclaim liquidity above becomes more likely.
- If it struggles and breaks through the daily demand zone, then we could see another leg lower before any significant bounce.
- Smart traders will be patient, waiting for confirmation rather than jumping in too early.
As always, having the right platform for trading is crucial. Platforms like Weex offer advanced tools to navigate the crypto market efficiently.
Final Thoughts
Solana’s price action is at a critical stage, and the next few days will be key in determining where it’s headed.
Whether it reacts bullishly from here or breaks lower, one thing’s for sure: the market always moves in ways that surprise most traders. Stay patient, set alerts, and let the price show its hand before making any moves.
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. Read more
