- Solana reacted to a major supply zone—is more downside coming?
- Key support & resistance zones identified for the next big move
- Breakout or rejection? Watch for confirmation before trading SOL!
In our previous Solana analysis, we discussed how the price reacted to an H4 supply zone.
However, I had my eyes on the H1 supply for a stronger reaction—and look at that!
The price hit it perfectly and gave a beautiful rejection.
So, what’s next for SOL?
If the price wants to go short, I’d expect a break of this key low, followed by a retracement to the supply that triggered the H1 structure shift.
SOL Price Reaction: Supply Zones in Play
The H1 supply level played out exactly as expected, reinforcing its strength. Now, traders should be watching for:
- A potential short move if the price breaks below this key low.
- A retracement to the supply that caused the structure shift before another possible drop.
- A surprise bullish breakout if SOL invalidates these supply levels.
While these scenarios make sense from a technical perspective, remember: the market does what it wants.
Trading isn’t about predicting every move with certainty, but about managing risk and reacting smartly.
Solana Analysis: What to Expect Next?
If SOL respects the supply zones, we could see further downside movement.
But if bulls step in and break these levels, the trend could shift entirely. Patience is key—wait for confirmation before making any moves.
Final Thoughts on Solana’s Price Action
I’m watching these supply zones closely. If SOL confirms bearish momentum, shorts could be in play. If not, we might be looking at a continuation of the bullish trend. Stay sharp, manage risk, and don’t chase the market!
