SOL forms an ascending triangle below $178 resistance, signaling bullish potential if a breakout confirms above key levels.
Volume and structure highlight $124.56 as strong support; analysts eye $223–$241 as breakout targets with continued momentum.
SOL's tight range between $164–$180 reflects indecision; a breakout above $180 could push the price to $208 and beyond.
Solana (SOL) continues to trade just below the $178 resistance level, consolidating within a tight price range on high timeframes. The ongoing structure from the $95 base remains intact, suggesting bullish momentum may resume with a confirmed breakout.
Solana Builds Pressure Below $178 With Higher Lows
SOL has formed an ascending triangle as it approaches a key supply zone around $178. The pattern reflects steady bullish pressure, with each higher low reinforcing trend support. Current price action shows consolidation near $177.41, sitting inside a historically reactive resistance area.
The analyst Joe Swanson explained that the $124.56 level serves as high-timeframe support, with volume clusters and price reversals validating its strength. The analyst noted that the value area spans $124.56 to $231.64, enclosing the bulk of traded volume over recent months. The Price of Control lies just above the value area low, emphasizing ongoing accumulation within this structure.
Breakout targets identified include $223.22, $228.22, and $237.71, aligning with historical reaction zones and volume cliffs. If price breaks through $178, a push toward the $241 high-timeframe resistance may follow. In case of breakdown, the analyst added that $124.56 would act as key downside support, followed by the $100 swing low.
Short-Term Chart Reveals Liquidity Traps and Supply Zones
On the 4-hour timeframe, SOL trades within a well-defined range between $164 and $180. Consolidation in this region has trapped liquidity on both ends, tightening spreads and increasing breakout potential. The current price of $172.91 reflects a balance between buyers ' demand and sellers ' supply.
The analyst Kamil highlighted recent Equal Highs around $180 and Equal Lows near $164 as major liquidity zones. Two Breaks of Structure in May confirmed bullish momentum, with price pushing higher after each key level was cleared. Since then, the price has remained inside a $164–$188 range, signaling indecision ahead of a breakout.
Current spreads remain tight, indicating high market participation with minimal slippage. A clean break above $180 could signal bullish continuation toward $208 and beyond. However, if $164 fails, pressure may shift bearish, targeting prior swing low zones.
Analysts on X Watch for Breakout or Reversal
Analysts tracking SOL on X remain focused on key resistance levels as the price tightens below supply. While some expect a breakout above $180, others see signs of exhaustion following repeated failures at recent highs. Price action has drawn attention for its compressed structure and reactive supply-demand balance.
The analyst Valeriya pointed to a recent Break of Structure following a liquidity sweep above local highs. Price has since pulled into a previously untapped premium zone, introducing the risk of a deeper corrective move. The analyst noted increasing bearish pressure if the current support fails to hold.
Other market watchers argue that ongoing consolidation reflects strength within a maturing trend. Focus remains on breakout confirmation above $178 and $180 to validate higher targets. Until then, price sits in a pivotal zone, awaiting directional resolution.
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