Solana looks like it's getting ready for a big move. The next few sessions could set the tone for the entire month â either a clean breakout to start a new bullish leg, or one more shakeout before pushing higher again.
đŻ Key Zone to Watch: $160â$175
This range will likely decide what comes next.
đ§ Why It Matters
Market Structure:
After a strong 5-wave move up, SOL has been correcting in a controlled way. Price is now tightening around a strong demand area thatâs been tested multiple times.
Momentum:
RSI sitting in the low 30s â oversold territory where reversals often form.
MACD flattening out below zero â sellers are running out of strength.
Volume:
Volume has been fading â typical behavior before a breakout or expansion move.
đ Key Levels
Bullish case:
Hold above $163 and close above $170â$175
If confirmed, next targets: $181 â $191 â $217
Bearish case:
Break below $160 with force
Next supports: $150, and possibly $142â$145 if liquidity grabs unfold
Bottom line:
Whoever wins the fight for $160â$175 controls the next $20â$40 move.
đ What the Chart Is Saying
RSI ~32 â stretched to the downside, room for bounce
MACD curling â bear momentum slowing; watch for a bullish cross
Price forming higher intraday lows â possible ascending triangle if $163â$165 holds
đŻ Strategy Ideas (Not Financial Advice)
Breakout traders:
Wait for daily close > $175
Invalidation around $168â$170
Range traders:
Play the range $163â$175 only with tight stops and clean rejection signals
If wrong:
Daily close < $160 = step aside or shift bias toward $150 zone
Risk approach:
Use smaller size while price is chopping, scale in only on confirmation. Protect downside â invalidation matters more than prediction.
đ Fundamentals Snapshot
Solana still shines where it matters most: speed, cost, and active usage.
From DeFi to NFTs to consumer apps, the ecosystem continues building.
Pullback looks cyclical, not structural â but price still needs to confirm the reversal on-chart.
đ What to Watch This Week
Daily candle closes near $170â$175
Volume spike on any breakout
MACD cross + RSI reclaiming mid-40s
â ď¸ Disclaimer
This is market commentary, not financial advice. Crypto is volatile â always manage risk and do your own research.
#solana #SOLUSDT #CryptoTA $SOL