Current Price: ~$140
The 1-hour chart shows clear bearish momentum with a sustained continuation pattern forming.
🔥 1. High-Probability Next Move (80–90%)
Solana is showing strong downside pressure, and the chart structure points toward further decline.
🟡 Expected Down Move:
➡ 138 → 136 → 135.6
The 135.6 level is a key previous low and acts as a price magnet for retesting.
❗ If 135 breaks:
➡ Next major target: 130 USDT
Why this move is likely:
Continuous lower-highs & lower-lows
Price trading below MA25 & MA99
Both moving averages sloping down
Multiple failed bounce attempts
Strong selling volume dominance
Price confined inside a falling channel
➡ Classic bearish continuation structure
🟢 2. Low-Probability Bullish Scenario (20%)
A bullish move only begins if SOL can close above 150–152.
If this happens:
➡ Next targets: 158 – 165
But a true trend reversal requires:
➡ Break & hold above 170 USDT
Any move before 170 = dead-cat bounce (weak upside in a downtrend)
📌 3. Key Levels to Watch
🔽 Support Levels
140 – Weak
138 – Medium
135.6 – Strong (previous low)
130 – Major support
125 – Extreme support
🔼 Resistance Levels
145 – Weak
150–152 – Key rejection zone
160 – Mid resistance
170 – Trend reversal zone
180 – Confirmation level
🧠 4. Deeper Technical Insights
1️⃣ Price Below MA25 & MA99
Both averages pointing downward → bearish trend confirmed.
2️⃣ Selling Volume Dominates
Red candles stronger than green →
Whales selling, weak retail buying.
3️⃣ Lower Highs & Lower Lows
Classic bearish structure in motion.
4️⃣ Weak Bounce Reactions
Rejections at 140 and 145 show buyers lack strength.
5️⃣ Falling Channel Formation
Controlled downward movement →
Bounces fail at channel top, trend remains bearish.
6️⃣ 135.6 Retest Highly Probable
Markets revisit previous swing lows before reversal →
Expect a test of 135.6 unless strong buyers step in.
🧾 5. Final Summary
✔ Most Likely Move (80–90%)
📉 SOL drops toward 138 → 136 → 135.6
✔ If 135 Fails:
📉 Direct fall toward 130
✔ Bullish Only If:
🔼 Close above 150–152
✔ Trend Reversal Confirmation:
🔼 Break & hold above 170
